Log in / My SOA

2024-2025 Registered Index-Linked Annuity Contract Holder Behavior Experience Study - Data Request

The Society of Actuaries (SOA) Research Institute’s Individual Annuity Experience Committee (IAEC) and LIMRA are soliciting surrender/lapse, withdrawal, living benefit utilization, annuitization, and premium deposit experience for registered index-linked annuities (RILAs) both with and without a guaranteed living benefit offering for calendar years 2024 and 2025.

The SOA Research Institute and LIMRA plan to complete a study on the developing experience of registered index-linked annuities. The goals of this study are to:

  • Provide a detailed analysis of contract behavior experience in relation to attained age, contract duration, surrender charge schedule and various product design elements;
  • Examine withdrawal activity for all RILA business as well as utilization rates for RILA contracts with guaranteed lifetime withdrawal benefits (GLWBs);
  • Provide a first view of other contract owner activity including additional premium deposits and rates of annuitization; and
  • Analyze the experience by several factors, including age of owner, source of funds, distribution channel, contract duration, in-the-moneyness of the benefits, product and rider features, and the type of benefit calculation.

Please see attached documents for instructions on data submission and format. The 2024-2025 data are due to LIMRA Secure Retirement Institute by June 30, 2026. If you would like to contribute, but find that this timing is challenging, please contact StudyPro@soa.org.

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 data visualization dashboard with the ability to filter on and drill down into the detail of the industry aggregate results of the study;
  • dataset(s) containing the aggregated industry experience 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.

For more information, please refer to the attached data submission instructions and feel free to contact us with any questions.

Materials

2024-2025 Registered Index-Linked Annuity Contract Holder Behavior Study Data Request

2024-2025 Registered Index-Linked Annuity Contract Holder Behavior Study Data Elements

Questions Or Comments?

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