Mortality Improvement Rates for AG-38 for Year-End 2016
The Society of Actuaries’ Mortality Improvement Life Working Group has released a recommendation for a set of improvement factors that vary by gender and attained age to be used in conjunction with the 2008 Valuation Basic table or the 2015 Valuation Basic table for AG-38 purposes. Under ‘Related Links’, find the report that describes the proposed mortality improvement scale and its intended use and the spreadsheet that contains the final version of the mortality improvement rates for year-end 2016.
Applicability of Improvement Scale
The recommendation above represents the VBT development team’s view of reasonable mortality improvement factors for short-term projections and is not intended to be employed as a standard for longer-term projection periods.
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