Description: This report, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Annuities,’ was prepared by the SOA Task Force on Mortality Guarantees in Variable Products. This study of mortality on deferred variable annuities over the period 1991-1995 was designed to test the adequacy of the 1994 MGDB Valuation Mortality Table to cover presumed extra mortality on variable annuities [Vas] with Substantial Minimum Guaranteed Death Benefits [MGDBs] as compared with VAs with Minimal MGDBs. A parallel study of fixed annuity experience was carried out as a control. In addition to report includes a six page document of instructions to participating companies.

Description: 1998 Valuation Actuary Symposium. The panelists addressed regulatory activity with respect to minimum guaranteed benefits for variable annuities: Specifically, AG XXXIV as it relates to minimum guaranteed death benefits and regulatory work that is being done in the guaranteed living benefits area.

Description: In session 85OF of the Montreal Spring Meeting panelists discuss reserving requirements, methods, and risks associated with offering Guaranteed Minimum Death Benefits GMBD on variable annuities. From the Record of the Society of Actuaries, Vol. 23, No. 2.

Description: This session from the 1995 SOA Boston Meeting examines product features, reserving practices, Regulation GGG and variable annuities, RBC, and surplus management issues surrounding variable products. From the Record of the Society of Actuaries, Vol. 21, No. 4a.