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2015-2024 Deferred Annuity Mortality Study Data Request

SOA Research Institute and LIMRA: Deferred Annuity Mortality Experience Data Request

The Society of Actuaries (SOA) Research Institute’s Individual Annuity Experience Committee (IAEC) and LIMRA are soliciting mortality experience data for deferred annuities for calendar years 2015 through 2024.

The SOA Research Institute and LIMRA are partnering together to complete industry experience studies. Under this partnership, the SOA Research Institute’s IAEC and LIMRA plan to complete an update to the Deferred Annuity Mortality Experience Study previously completed in 2023 and covering experience for calendar years 2011 through 2015. The goals of this update are to:

  • Provide more current mortality experience for Principles-Based Reserving for deferred annuities, assist companies in setting assumptions, designing, pricing, valuing, and managing the risk of deferred annuities.
  • Analyze mortality experience in a period that includes the COVID pandemic.

The scope of this experience study is for deferred annuity contracts in the deferral period, with and without market value adjustments (MVAs), and with and without guaranteed living benefits. Included deferred annuity product types are as follows:

  • Fixed-rate deferred annuities
  • Fixed indexed annuities
  • Variable annuities
  • Registered indexed linked annuities (RILA)

Please see attached documents for instructions on data submission and format. The 2015 through 2024 experience data is due to LIMRA by September 30, 2025.

The following may be included in the Standard Data Package made available for purchase:

  • 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
  • Other outputs as determined by the SOA Research Institute and LIMRA

Materials

Questions Or Comments?

If you have any questions, please contact StudyPro@soa.org.