Description: Expert discussion. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: A discussion of regulatory considerations for pension plans considering the use of longevity risk hedging contracts in Canada.

Description: Discussion among experts. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: This paper aims to present a systematic procedure for valuing group self annuitization GSA payouts in the presence of changing mortality. Presented at Managing Retirement Assets Symposium

Description: This paper addresses some of the issues arising from the combination of lower birth rates and increasing life expectancy, which have become more pronounced over the past 40 years in Canada and many other countries, too. The paper examines the effect of a gradual increase in retirement ages in order to attempt to maintain the “senior dependency ratio” at or close to its current level.

Description: Presented at the Living to 100 Symposium, January 2011. This study explores increasing life expectancy by examining the basic properties of survival curves. Specifically, the author checks for signs of mortality compression, using a non-traditional approach. The results indicate that human longevity is likely to increase, at least for a while, and longevity risk should be seriously considered in pricing annuity products. Some suggestions for dealing with the longevity risk are also proposed.

Description: Presented at Living to 100 symposium January 2002. This paper evaluates age and sex specific patterns of change in underlying and multiple cause of death reports for the period 1980-1998 for 14 leading causes of death at ages 65 and older. Changes in four types of mortality measures will be analyzed: 1 underlying cause death rates 2 multiple cause death rates 3 associated cause death rates and 4 death rates based on the joint occurrences of multiple cause conditions. Implications of the results are discussed in the context of existing models for analyzing and forecasting future mortality patterns in the U.S.

Description: In this expository paper several comments are made with respect to the statistical independence of the curtate future lifetime and the fractional part of the future lifetime, both of a general status. In particular, the conditions for independence need to be stated carefully. The last-survivor status is cited as an example. More general assumptions than the uniform distribution of deaths assumption are then considered, together with applications to insurances, annuities, and reserves. Similar results to those under the uniform distribution of deaths assumption are obtained. Brief comments are made with respect to contingent probabilities in multiple lives and multiple decrement theory.

Description: This article presents the needed mathematical techniques and obtains values for active life expectancies in which dependent lives are followed after regaining independence. Secondly, projections of active life expectancies are developed to the year 2080, under three sets of assumptions, for 65 year old men and women. Finally, estimates of the average numbers of years of dependency in ADL prior to death of 65 year old men and women are provided under alternate sets of assumptions. From the Actuarial Research Clearing House 1991 VOL. 2.

Description: This article by Anna Rappaport and Eric Freden contains a compelling compendium of comments shared by top actuaries working in different roles with retirement systems who attended the fourth triennial “Living to 100” Symposium in Orlando, Fla.