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Life Pandemic Model Updates to U.S. Life Insurance Industry Moderate Scenario


Max J. Rudolph, FSA, CFA, CERA, MAAA
Rudolph Financial Consulting, LLC


The Society of Actuaries released research in 2007, performed by Jim Toole, that develops a model for a U.S. individual life insurance company to consider its potential liability exposure as a result of a pandemic. Sponsored by the Mortality and Longevity Strategic Research Program Steering Committee, this paper updates several model assumptions including mortality in light of COVID-19.


Life Pandemic Model: Updates to U.S. Life Insurance Industry Moderate Scenario


Jeff Czajkowski, Ph.D.

Jean-Marc Fix, FSA, MAAA

R. Dale Hall, FSA, MAAA, CERA

Joel Jones, FLMI, AALU

Ronora Stryker, ASA, MAAA

Jim Toole, FSA, MAAA

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