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2009-2024 Post-Level Term Lapse and Mortality Experience Study Data Request

The SOA Research Institute and LIMRA are partnering together to complete industry experience studies. Under this partnership, the SOA Research Institute’s Individual Life Experience Committee (ILEC) and LIMRA plan to provide an update to the Post-level term mortality and lapse study last published in May 2021 covering the 2000 – 2017 experience period.

The goals of this study include:

  • Analyze the shock lapse at the end of the level term and the lapse and mortality experience in the post-level period,
  • Analyze experience on longer level term products where data are more credible than in prior studies,
  • Consider the impact that various product and policyowner experience variables have on results,
  • Analyze the impact of the COVID pandemic on experience during and after the shock event

Please see the PDF documents in the Materials section linked below for instructions on data submission and format. The experience data is due to LIMRA by September 30, 2025.

A report with high level summary results of the study will be made publicly available.

In an effort to ensure these important industry studies can be funded on a sustainable basis, the SOA Research Institute and LIMRA are offering the detailed outputs of this work as part of a paid subscription to Experience Studies Pro.

The following may be included in the outputs made available for subscribers:

  • detailed experience study report with analysis and commentary;
  • a set of data visualization dashboards with the ability to filter on and drill down into the detail of the results of the study;
  • dataset(s) containing the aggregated experience collected for the purpose of this study. The datasets may be made available in excel files, text files or downloads from the data visualization tool;
  • models or other tools developed to support the analyses completed in the study; and
  • other outputs as determined by the SOA Research Institute and LIMRA.

Any output of the study, whether publicly available or available through an Experience Studies Pro subscription, will not contain any private information or any confidential contributor level information.

Materials

2009-2024 SOA LIMRA Post Level Term – Data Request

2009-2024 SOA LIMRA Post Level Term - Company Practices Survey

Questions Or Comments?

For more information, please refer to the data submission instructions and feel free to contact us with any questions at StudyPro@soa.org