Description: Discussion the issues/difficulties associated with setting mortality assumptions for the later durations of life insurance illustrations. Because some UL products incorporate low cost of insurance charges in late durations as part of the current scale in the product design, some conclude that mortality improvement assumptions are being employed in the disciplined current scale, in violation of the Model Illustrations Regulation.

Description: A report on the results of the latest intercompany study of mortality experience under structured settlement annuities for the exposure years 2009-13.

Description: An experience study of individual payout annuities covering calendar years 2009 through 2013

Description: The results of the 2016 Group Term Life Experience Study, which includes experience for policies in force anytime during 2010 through 2013.

Description: The second part of a roundtable discussion on principals-based approach [PBA] and the life insurance industry, in this part discussing mortality experience studies. The first part appeared in the August/September 2008 issue of The Actuary.

Description: This paper is from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. It was presented at the 1956 Spring Meetings of the Society of Actuaries for discussion. The author, using the results of the 1951 mortality study on female life insurance beneficiaries receiving settlement options, where the face amount of insurance proceeds is converted to an annuity, quantifies the mortality differences between those electing an option who tend to have better mortality, and payees who have no option. In this paper the author determines the appropriate age setbacks for the payees electing an option, based on the actual mortality statistics.

Description: Recurrence relations arise naturally in life contingencies for 2 reasons - the aggregate law of mortality, which relates the distribution of the future life times of 2 insureds, if one of them and the other is that most life insurance products can be constructed as a portfolio of 2 basic product types. We use the above simple idea and the extra freedom provided by the fractional age distribution to reveal a structure behind some common recursions. The structure has obvious pedagogical value. More interestingly, a software based on it has been implemented which facilitates actuarial computing.

Description: An experience study of individual payout annuities covering calendar years 2009 through 2013.

Description: A follow-up to the first Preferred Class Structure Report, which contains the additional analysis of areas identified while preparing the first report of preferred class structure data from statistical agent submissions.

Description: Report on follow-up survey conducted in Jul/Aug 2017, which covered accelerated underwriting and predictive analytics.