Description: This is the transcript for Session 5B : What is Different Today for Post-retirement Financial Planning? from the 2017 Living to 100 Symposium in Orlando.

Description: The Effect of Medical Technology on Health Care Cost, the Effect of Health Care on Longevity and Vice Versa.

Description: The Effect of Medical Technology on Health Care Cost, the Effect of Health Care on Longevity and Vice Versa.

Description: In this paper, we derive three important longevity Greeks on the basis of an extended version of the Lee-Carter model that incorporates stochastic volatility.

Description: Presented at Living to 100 symposium, January 2011. This paper investigates dynamic properties of age trajectories of physiological indices and their effects on mortality risk and longevity using longitudinal data on more than 5,000 individuals collected in biannual examinations of the Framingham Heart Study original age group during about 50 subsequent years of follow up.

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: This paper proposes a new method to price the longevity risk premia in order to tackle the pricing obstacle. Based on the equivalent utility pricing principle, our method obtains the minimum risk premium required by the longevity insurance seller and the maximum acceptable risk premium by the longevity insurance buyer.

Description: Paper examines the rapid growth of the elderly population in India, as well as problems and challenges related to this growth, some universal, and some unique to India. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: Using the Japan Life Table as input, this paper discusses the strengths and limitations of four mortality models: Heligman-Pollard, Mixed Weibull, Lee-Carter, and a simulation model. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: Presented at Living to 100 and Beyond symposium 2002. Discussion of two papers, 'Approaches and Experiences in Projecting Mortality Patterns for the Oldest Old' by Buettner and 'Using Dynamic Reliability in Estimating Mortality at Advanced Ages' by Lin. The first paper discusses the UN methodology for projecting mortality above age 80 and presents another approach for addressing the problem of table closing. The second paper suggests a new statistical model for fitting and estimation of mortality rates at advanced ages.

Description: Using Taiwan Complete Life Tables as the data source, a model is developed using reliability theory and the results of the proposed model are compared to Gompertz’s law.

Description: Discussion of three papers presented at Living to 100 and Beyond symposium. Papers discussed: ' The Roles of Aging, Longevity Determination and Pathology on Human Life Span and Life Expectation' by Hayflick, 'Plastic Omega' by Held, and 'Underlying and Multiple Cause Mortality at Advanced Ages: United State 1980 - 1998' by Stallard. The first paper is an overview on aging, the second paper is a survey of aging research and the third paper discusses underlying and multiple cause mortality.

Description: This paper addresses issues and techniques for advanced age mortality study using data mining techniques, a new technology on the horizon with great actuarial potential. Seven factors were considered in this study, the influences of these factors on advanced-age mortality distribution were identified and models were derived for projecting advanced age mortality.