Description: The life annuity mortality risk is the variation in actual financial experience of a group of annuitants from that expected, attributable to the mortality experience of the group. This paper investigated the mortality risk present in a single life annuity and determine the effect of age, sex, assumed interest rate, mortality table, and form of annuity on this risk. Then, it investigated the mortality risk in various portfolios of annuities. Followed by several discussion papers submitted

Description: This paper describes the derivation of the ELAS Life Income Mortality Table, which has been adopted by the Equitable Life Assurance Society as the mortality basis for the life income option of the modes of settlement in its current series of policy forms and for the calculation of premiums under currently issued individual deferred annuity contracts.

Description: Report presenting the 1976-86 mortality experience for contracts issued in the U.S. through 1985 under individual immediate annuities, life income settlements, and matured deferred annuities.

Description: These are discussion papers on the paper, 'The ELAS Life Income Mortality Table' by Harry Walker. That paper describes the derivation of the ELAS Life Income Mortality Table, which has been adopted by the Equitable Life Assurance Society as the mortality basis for the life income option of the modes of settlement in its current series of policy forms and for the calculation of premiums under currently issued individual deferred annuity contracts.

Description: Provides the results of this study on mortality of specified types of payout annuities.

Description: Covers the intercompany experience between 1960 and 1965 anniversaries.

Description: This paper was presented at the 1956 Society of Actuaries Eastern Spring Meeting, held April 19-20 in Hartford, CT. The author discusses the significant growth of immediate annuities, primarily through settlement options, and recent annuitant mortality improvement trends and experience studies, including a new mortality table, the proposed 1955 American Annuity Table. The author notes the main purpose of his paper is to propose a graded rate system for life income settlement options that is detailed enough to be equitable, yet simple enough to be understood by the policyholder. From Transactions of Society of Actuaries 1956 Volume 8, Number 21.

Description: Report covering the mortality experience from 1945 to 1950 anniversaries under the following three major categories of contracts: 1. Life income settlements arising out of death claims 2. Life income settlements arising out of the maturity of endowment or retirement income policies or the cash surrender of insurance or annuity contracts 3. Maturities of deferred annuity contracts

Description: Discusses the titled paper by McCarter regarding a new payout annuity mortality table and with projections.

Description: A. Discusssion of the practical considerations involved in deciding whether or not to adopt projected mortality rates in connection with individual annuities, settlement options, retirement income policies, and the various forms of group annuities. B. In view of increased administrative expenses, discussion of the arguments for and against imposing limitations on the granting of settlement options with respect to size of policy, including the practicality of providing for the expense of administering supplementary contracts other than through the use of conservative mortality and interest assumptions.