Description: Highlights of the results of a Milliman survey of the 2004-2009 historical pattern of sales of annuity products with guaranteed living benefits

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006.

Description: This paper considers a typical retirement endowment plan where an endowment provides for a monthly payment at retirement and units of life insurance prior to retirement and which the amounts of insurance in later years are net level premium reserves. From Transactions of Society of Actuaries 1961, Vol. 13, No. 37.

Description: This research report analyzed the effects of different types of informational interventions on annuity-related behavioral intentions and beliefs, such as estimated retirement age and life expectancy.

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

Description: Results of the PBITT Working Group annual VA survey.

Description: This report utilizes a literature review, company survey, company interviews and/or other methods to catalog a listing of common living benefit riders. It was sponsored by the Product Development and Reinsurance Sections along with the Committee on Life Insurance Research. This paper has several goals in relation to each living benefit rider type: to define various living benefit riders, to provide historical sales data and general filing requirements, to explore how underwriting and administration is handled, and to comment briefly on the overall level of claims activity experienced thus far compared to pricing expectations. In addition, it includes a review of the direct and reinsurance pricing implications of the riders to the extent they impact policyholder optionality and base plan financial characteristics. This paper includes perspectives developed through the experience of the authors, and includes executive summaries of a survey conducted by the SOA and Milliman of 34 direct writers, and interviews that Milliman conducted with 8 reinsurers.

Description: The study examines the GLB utilization of over 4.9 million contracts that were either issued during or in force as of 2014.

Description: This investigation specifically covers the mortality for immediate single-life annuities issued in the United States and Canada during the years 1931-1947 inclusive and observed between 1946 and 1948 contract anniversaries. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This report summarizes the results of a 2022 survey examining mortality improvement practices of life and annuity companies in the U.S. and Canada.