Description: Future mortality improvement is an important assumption in the valuation of life insurance and annuities. In this session, presenters will discuss the work of the Mortality Improvement subgroup of the American Academy of Actuaries’ Life Experience Committee and the Society of Actuaries’ Preferred Mortality Oversight Group Valuation Basic Table Team in developing mortality improvement scales for AG-38 and VM-20. In addition, two recent SOA efforts on mortality improvement will be examined. Research on developing a broader framework for modeling mortality improvement assumptions is being developed to enable U.S. actuaries additional ways to follow a consistent approach across a variety of actuarial practice applications. Results from a study on U.S. population mortality by socioeconomic category and how it fits into the broader consistent framework will be presented. Additionally, results of a survey on mortality improvement practices of life insurance companies and reinsurers in Canada and the U.S. will be shared.

Description: The presenters will share information about: -Insights into causes of death through the use of predictive models, based on a reinsured U.S. life portfolio, using logistic regression models to understand three main causes of death: cancer, heart and external causes; -Opioid abuse is a widespread phenomenon with drug-related mortality rates rising steeply in the U.S. over the past two decades. But what does the most recent data tell U.S. about the outlook for Opioid-related mortality?; -'Deaths of despair' have been publicized as a cause for the poor performance of U.S. mortality in recent years. The presenters will be looking at the different causes under this label, their evolution and explore the drivers behind them.

Description: This 1980 session covers amendments to the SNL and SVL and the anticipated revision to the CSO Mortality Table. Questions discussed: 1. What changes can be expected in requirements in the1980's? 2. What changes in products design will likely emerge from these? 3. What will be the effect on future gross premium, cash value, and reserve levels? 4. Will these changes be compatible with all economic forecast scenarios? 5. Will these changes create a need for increased gross premium rates or for higher company surplus levels? 6. Should attention to solvency measures be increased? 7. Are the allowable valuation interest rates sufficiently liberal?

Description: Panelists at the 2004 Valuation Actuary Symposium discuss the issues regarding the 2001 CSO table including current approval status, tax reserves, IRC section 7702 and implementation issues.

Description: This general discussion looks at mortality experience with the advent of CSO tables, annuity premium tax, termination dividends, classes of agents included under Social Security, and conditions affecting companies entering the fields of disability income, accident, health, hospitalization and medical insurance.

Description: Panelists at this session of the SOA 1998 Annual Meeting discuss the results of two SOA research projects. One study looks at mortality rates as a function of lapse rates. The other study develops a model for relating mortality and lapse rates.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session discussion was about the performance measurement in a risk/return context, incentive compensation as a tool for achieving effective performance, and return attribution using liability-based performance indices.

Description: This session at the SOA 1990 Hartford Spring Meeting is about AIDS from the reinsurer's point of view focusing on underwriting and the reinsurance market.

Description: The Standard Nonforfeiture Law requires that the mortality table and interest rate provided in the policy for the calculation of cash surrender values and of nonforfeiture paid-up insurance be the same, say Basis A. It also contemplates that, if desired, a more stringent Basis B may be provided for calculating the present value of extended term insurance, using mortality rates up to 130% those of Basis A. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: Discusses: family group policies, company changes made in connection with small policies to counteract the increase n administrative costs, experience under juvenile policies that provide full coverage from date of issue, experience with reflecting policy size in premiums and dividends, adjusting age on male premium rates and values for female policyholders, and issue regarding supplemental term coverage and nonforfeiture values.