Description: This report presents the results of a joint study conducted by the Society of Actuaries and LIMRA examining both premium persistency and surrender/lapse experience for flexible premium fixed universal life (“UL”), indexed universal life (“IUL”) and variable universal life (“VUL”) products. This work represents the first industry study of flexible premium life insurance premium persistency experience, a key risk impacting the profitability of both secondary guarantee products as well as products that are marketed and sold for traditional protection and savings accumulation purposes.

Description: Report examining the lapsation of ordinary insurance in the U.S. between 1989 and 1990 policy anniversaries, based on face, premium and count.

Description: This article discusses the collapse of Equitable Life, founded in London in 1762 as the Society for Equitable Assurances on Lives and Survivorship.

Description: Discussion of a New York Times article dealing with the arbitraging of policy loan proceeds by investing them in money market instruments whose yields were well above the policy loan interest rate.

Description: This report presents the results of individual life insurance lapse experience in the United States between observation years 2009 and 2013. Lapse experience is analyzed for whole life, term life, universal life, and variable universal life plans issued between 1918 and 2012. Results for most key policy and product factors are examined.

Description: Report summarizing the results of the 2015 PBITT UL with Secondary Guarantees Survey.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Discussion of Subjects of Special Interest’ addresses insurance withdrawal rates. Topics include recent studies of factors affecting withdrawal rates and the question of whether new standard tables to replace Linton’s A and B tables are needed.

Description: Report summarizing the results of the 2019 PBITT UL with Secondary Guarantees Survey.

Description: The article provides an overview of the results obtained from the analysis of an embedded (micro) insurance campaign run by an insurtech and mobile network operator in West Africa

Description: Report summarizing the results of the 2011 PBITT UL with Secondary Guarantees Survey