Description: This web page contains the 2011-2014 Group Annuity Experience Report and Pivot Tables.

Description: This web page contains the 2011-2014 Group Annuity Experience Report and Pivot Tables.

Description: The article is a summary of Society of Actuaries report entitled “Annuity Market Pricing Approaches” sponsored by the Retirement Section Research Committee. The report examines the Canadian Institute of Actuaries (CIA) methodology of developing solvency valuation assumptions, compares it to methods used in the U.S., and considers if it could be used in other markets, such as U.S. group annuities or individual annuities

Description: The last of three articles on the 1983 Table a. The first two articles described the steps in contructing the 1973 Experience Table and the 1983 Table a. This article compares the reserves from the 1983 Table a to the 1971 IAM Table at various ages and by gender.

Description: This paper presents a relatively simple method for calculating approximate annuity values on a mortality basis that provides for future improvements in mortality. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: Historically different approaches have been used by actuaries in modeling mortality improvement. The SOA has recently released a framework that practitioners can use to project mortality improvement, providing methodological consistency across a range of applications.

Description: In the early 1990s, when several large U.S. and Canadian life insurers teetered on the brink of insolvency and finally collapsed, the U.S. Department of Labor issued its 'safest annuity' provision [DOL Interpretive Bulletin 95-1] ruling that private pension plans buying annuities had the fiduciary obligation to choose the 'safest available' provider. This article examines the effect this ruling has had on the annuity market.

Description: This session from the 1984 SOA Salt Lake City Meeting discusses Unisex legislation in the U.S. Congress on new and existing policies that eliminates gender in life insurance, pensions, health insurance and automobile insurance.

Description: This 1980 session covers amendments to the SNL and SVL and the anticipated revision to the CSO Mortality Table. Questions discussed: 1. What changes can be expected in requirements in the1980's? 2. What changes in products design will likely emerge from these? 3. What will be the effect on future gross premium, cash value, and reserve levels? 4. Will these changes be compatible with all economic forecast scenarios? 5. Will these changes create a need for increased gross premium rates or for higher company surplus levels? 6. Should attention to solvency measures be increased? 7. Are the allowable valuation interest rates sufficiently liberal?

Description: The purpose of this paper is to suggest an improved method of future mortality improvement approximation, using the a-1949 Table as the basic table. Comparisons are shown between this method and other methods for annuitants.