Individual Life Insurance Mortality Improvement Scale Recommendation – for Use with AG-38 and VM-20 - 2019

The Mortality Improvement subgroup of the American Academy of Actuaries’ Life Experience Committee and the Society of Actuaries’ Preferred Mortality Oversight Group Valuation Basic Table Team 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 ‘Materials’, 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 2019.

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.


Mortality Improvement Scale Recommendation

Mortality Improvement Scale Recommendation Smoothed Rates

Questions Or Comments?

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