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Individual Disability Income Insurance Lapse Experience

Experience Studies – Individual Disability

A Joint Study Sponsored by LIMRA International and the Society of Actuaries Individual Disability Insurance Experience Committee.

This report represents the first study of individual disability income (IDI) lapse experience conducted jointly by LIMRA International and the Society of Actuaries. The study examines lapse activity for years 1999 through 2001. Most participating companies submitted data on a policy year basis for years 1999 and 2000. Lapse rates for all policy years combined averaged 4.7 percent for noncancelable plans, 10.4 percent for guaranteed renewable business, and 5.0 percent for all plans combined during 1999 through 2001.

Detailed reports are available on LIMRA Online. For more information about LIMRA’s lapse research program, contact Marianne Purushotham at 860.285.7794.

Material

IDI Lapse Report

Questions Or Comments?

If you have comments or questions, please send an email to research@soa.org.