Description: This session will present results of the most recent SOA/LIMRA studies of variable and fixed-indexed annuity policyholder behavior including withdrawal behavior, guaranteed living benefit elections and surrender activity. Conducted annually since 2006, a discussion on the results of these studies show how they have changed over time, as well as areas where the analysis will need to change or expand. After that, the presenters will focus on dynamic lapse for hot money businesses, which is an important topic for fixed deferred annuity. Key takeaways from this area will include an understanding how to differentiate between hot money and warm money, the different formulas used in the industry, and how to adjust an asset portfolio to protect against the risks associated with hot money businesses.

Description: The Society of Actuaries' Group Annuity Experience Committee has completed this experience update, which presents the 2015 through 2016 calendar year experience of retired individuals in the United States who are covered under group pension contracts. This update compares these most recent two years of available experience to the 2011-14 period and analyzes how the recent data affects aggregate annual mortality improvement in the group annuity experience data since 2007.

Description: Read the July 2016 issue of Product Matters!

Description: This is the 1975 report of mortality on group annuity lives broken down by time of retirement as measured against the normal retirement date.

Description: Summary of panel discussion which looked at the implications for life insurance companies of the increasing interest in equity forms of savings, as evidenced by the growth of mutual funds, employer sponsored employee thrift plans and the establishment of installment purchase plans for common stocks.

Description: Discussion papers on a paper dealing with minimum statutory nonforfeiture values for retirement annuity contracts.

Description: Provides the results of this study on mortality of specified types of payout annuities.

Description: Transcript of the Q&A period from Session 5A. The paper presented proposes a new method to price the longevity risk premia in order to tackle the pricing obstacle.

Description: This literature guide provides a basic grounding in policyholder dividends and other nonguaranteed elements in individual life insurance and annuities in Canada and the U.S. Participating insurance is most often offered by mutuals in the U.S. and by both mutual and stock companies in Canada.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation memo for the 2015 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. The recommendation is currently being exposed for comments by the NAIC.