Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This is the table of contents.

Description: Attached zip file contains the three 3 data request documents: the data format which covers guaranteed issue, simplified issue, and pre-need policies coding instructions to help filling out the submission and an FAQ to answer technical questions on submitting the data for a new mortality and persistency study for Guaranteed Issue / Simplified Issue Life Insurance.

Description: Results of the 2005 inter-company study of expenses for individual life and annuity business conducted by the SOA’s Committee on Life Insurance Company Expenses, CLICE.

Description: This article shows some vital statistics of Canada including births, deaths, marriages and divorces per 1000 population along with motor vehicle deaths in the years 1972, 1975, 1978 and 1981.

Description: This is an article about The SOA’s Committee on Life Insurance Company Expenses CLICE and its completion of its fourth inter-company study of expenses for individual life and annuity business issued in the United States.

Description: The Individual Disability Experience Committee (IDEC) of the SOA has gathered industry data covering 2006-2015. The presenters will highlight findings on the recent industry experience compared to the 2013 Individual Disability Income Valuation Table (2013 IDIVT), including the impact of the recession on incidence and terminations. They will cover claim incidence and claim termination Actual to Expected (A/E) using 2013 IDIVT as the expected basis. The adequacy of the modifiers will also be discussed.

Description: Experience report covering the years 1946-1948 on group life insurance policies. Report covers waiver of premium and permaneent total disability claims as well as death claims.

Description: The Group Life Insurance Experience Committee of the Society of Actuaries has completed the 2005 Group Term Life Waiver Reserve Table Report. There were several compelling reasons to develop a new experience study and table, not the least of which was that 35 years is a long interval for any study. This is the excel Calculation Spreadsheet for Reserve Factors for Group Term Waiver of Premium [NAIC version]. Please see the SOA website for the Report of the Group Life Experience Committee for March 2006.