Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This article discusses the implications of a groundbreaking test that can help people determine how long they have left to live.

Description: This is about The Federal Register of October 18, 1982 announcement by the Veterans Administration concerning USGLI premiums. The premiums were based on the American Experience Mortality Table at 3 /2% interest which overestimates mortality and underestimates the interest rate. This article discusses the ramifications of this.