Description: The purpose of this paper is to illustrate the effects of projected mortality on the pricing and valuation of individual immediate annuities. Also discusses considerations in underwriting substandard annuities. Finally, a discussion of this paper is included.

Description: In an increasing population the number of persons falls off from age to age more rapidly than does the stationary population of the life table. This can introduce a systematic bias into life table calculations. The first part of the paper describes an iterative procedure to correct for the bias, extends the method to multiple decrement and associated single decrement life tables, and demonstrates the magnitude of the bias involved. The second part of the paper summarizes the results of applying iterative life table techniques to 165 populations which encompass over a century's experience and include countries from all parts of the world. Followed by discussions submitted by several people

Description: This paper presents mortality rates by sex at ages 90 and above for persons who received retired worker benefits from the social security program for the first month that such benefits were paid. Followed by a discussion paper

Description: This is the 1964 intercompany study of the mortality experienced between 1957 and 1962 anniversaries under Standard Ordinary life insurance policies when placed automatically on extended term at the time of lapse. An aggregate study and a double duration study are included.

Description: This paper presents basic data with regard to the decennial United States life tables for 1969-71, analyzes the data in comparison to previous U.S. life tables and compares mortality between the U.S. and Canada, England, and Sweden. From Transactions of Society of Actuaries 1976, Vol 28.

Description: Covers the experience between policy anniversaries in 1973 - 1978 in the first twenty-five policy years after issue i.e., 1949 - 1977. For issues of 1974 and later the classification 'large amount' refers to policies of $100,000 or more prior to 1974 the classification includes policies of $50,000 or more.

Description: Presents the 1985 and 1986 calendar year mortality experience of retired individuals who are covered under insured pension plans in the U.S. and Canada.

Description: This is the digest from the informal discussion reviewing the 1951 Impairment study. It is the latest in a series of studies covering mortality of impaired risks. It covers the experience under Ordinary insurance issued from 1935 to 1949 traced to the anniversaries in 1950. Standard and substandard policies were studied separately.

Description: This paper was presented at the 1956 Society of Actuaries Eastern Spring Meeting, held April 19-20 in Hartford, CT. The author discusses the significant growth of immediate annuities, primarily through settlement options, and recent annuitant mortality improvement trends and experience studies, including a new mortality table, the proposed 1955 American Annuity Table. The author notes the main purpose of his paper is to propose a graded rate system for life income settlement options that is detailed enough to be equitable, yet simple enough to be understood by the policyholder. From Transactions of Society of Actuaries 1956 Volume 8, Number 21.

Description: This 1972 report covers intercompany mortality experience on life income settlements arising out of death claims, life income settlements arising out of maturities or cash surrenders, and matured deferred annuity contracts.