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Canadian Segregated Funds Product Experience Study

November 2018

This report presents the results of a joint study conducted by the Society of Actuaries, LIMRA and the Canadian Institute of Actuaries Segregated Fund Experience sub-committee examining both mortality and policyholder behavior experience for Canadian segregated funds products.  The study represents the first industry study of Canadian segregated funds product policyholder behavior and mortality experience that materially impact the cost of guaranteed death, maturity and withdrawal benefits provided by segregated fund products. The objective of this study is to provide insurers with recent experience data for Canadian Segregated Funds products in the following areas:

  • Full surrenders
  • Partial withdrawals/Guaranteed Withdrawal Benefit (GWB) utilization
  • Mortality


Canadian Segregated Funds Product Experience Study

Questions Or Comments?

If you have any questions regarding this study, please contact Patrick Nolan, SOA Experience Studies Actuary, at +1-847-273-8860 or