Description: From a session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004 A brief review of how the 1995-2000 individual life mortality experience study and 2002 individual life and annuity expense study were developed, followed by key observations, interpretations and emerging trends.

Description: Report covering the mortality experience from 1945 to 1950 anniversaries under the following three major categories of contracts: 1. Life income settlements arising out of death claims 2. Life income settlements arising out of the maturity of endowment or retirement income policies or the cash surrender of insurance or annuity contracts 3. Maturities of deferred annuity contracts

Description: Discussion on Living to 100 Session 4B. Papers presented: Typology and Review of Measures of Human Aging, Longevity and Superlongevity with Applications to US Data and Some Implications for US Public Programs and, Mortality Measurements at Advanced Ages: A Study of the Social Security Master Death File

Description: Presented at May 1996 Spring Meeting. This session analyzes the factors that influence the mortality differences between countries and between population and insured-lives mortality.

Description: This paper introduces the predictive modeling tools to mortality research. The predictive modeling is applied to study how multiple risk drivers such as demographic characteristics and social and economic status impact the mortality improvement of the advanced age population. The paper provides both the theoretical frameworks and the application aspects of the predictive modeling process. As the result, a mortality risk score was derived in differentiating the mortality risk for the advanced age population.

Description: An analysis of population mortality at the older ages in the United States. The analysis is based principally on data obtained for calendar years 1968-69 in the operations of the Medicare program. In addition, the author develops mortality rates by single ages at the very high ages 85 and over, using the extinct cohort method based on deaths recorded through the vital statistics system in calendar years 1951-68.

Description: This paper develops the binomial version of the Lee-Carter model and provides a comparative study of simulation strategies for assessing risk in mortality rate predictions and associated estimates of life expectancy and annuity values in both period and cohort frameworks.

Description: The percentage of the population who are obese has grown dramatically worldwide over the last several decades, although stabilizing recently in the United States. Studies have found the effects on mortality to be inconsistent and controversial because of methodological differences and the complexity of the relationship between obesity and mortality. This paper discusses this relationship and sheds light on the likely effects of this epidemic. Issues associated with the so-called obesity-mortality paradox, where mortality experience is lower for those individuals who are overweight and in some who are obese compared with the mortality of those in the normal weight category, are examined. Although certain recently reported studies of the relationship between mortality and obesity indicate that obesity is related to a reduced percent of additional mortality, this may in part be due to the shorter average time that those currently obese have been exposed to their condition. Nevertheless, the amount of health care costs and rates of disability associated with being obese are significant, contributing to the increase in overall health care costs as they become more numerous and age. Although obesity is being addressed with a great deal of activity and publicity, they will continue to prove challenging for individuals and society to manage and overcome.

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: Abstract: The percentage of the population who are obese has grown dramatically worldwide over the last several decades, although stabilizing recently in the United States. Studies have found the effects on mortality to be inconsistent and controversial because of methodological differences and the complexity of the relationship between obesity and mortality. This paper discusses this relationship and sheds light on the likely effects of this epidemic. Issues associated with the so-called obesity-mortality paradox, where mortality experience is lower for those individuals who are overweight and in some who are obese compared with the mortality of those in the normal weight category, are examined. Although certain recently reported studies of the relationship between mortality and obesity indicate that obesity is related to a reduced percent of additional mortality, this may in part be due to the shorter average time that those currently obese have been exposed to their condition. Nevertheless, the amount of health care costs and rates of disability associated with being obese are significant, contributing to the increase in overall health care costs as they become more numerous and age. Although obesity is being addressed with a great deal of activity and publicity, they will continue to prove challenging for individuals and society to manage and overcome.