Description: This presentation is a panel discussion, session 33PD, from the 2004 Spring Meeting of the Society of Actuaries, held May 19-21 in Anaheim, CA. Current information on experience trends in public and private long term disability [LTD] programs is essential for use in pricing and valuation work. In this session, the speakers, including representatives from the Social Security Administration and the Society of Actuaries Group Disability Experience Committee, discuss the recent morbidity experience that they have observed in their respective programs, the Social Security disability program, and the private LTD insurance market. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 1.

Description: Data on morbidity, loss ratios, actual-to-expected continuance rates, and lapse rates for disability insurance, and discussion of the implications with respect to legislation, product design, pricing, underwriting, and marketing. This presentation was made at the 1975 SOA Los Angeles Spring Meeting.