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  • Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2013 Survey Results
    rates reported.  2013 saw significant growth, 9 of 17 (53%) in 2013 compared to 5 of 15 (33%) in 2012, ... responses). 2008 VBT table usage increased from 12% to 17% (Figure 30). In addition, 3 of the 6 respondents ...

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    • Authors: Stephen Hodges, Charles M Bremer
    • Date: Jan 2014
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Policyholder Behavior in the Tail: Variable Annuity Guaranteed Benefits - 2011 Survey Results
    Policyholder Behavior in ... respondents use dynamic lapses for death benefits. (Figure 17 on Page 18) • Over 80% of respondents use dynamic ... 2007 2008 2009 2010 2011 Number of Responses 17 22 31 22 ...

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    • Authors: Clifford Angstman, Peter Bondy, Stephen Hodges, James Reiskytl, Richard Tucker, Josh Windsor
    • Date: Jan 2012
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
    • Topics: Annuities>Variable annuities
  • Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2015 Survey Results
    scenarios used are summarized in Figure 6 through Figure 17. Lapse Assumptions  Lapse rates in the tail ... cited 2008 VBT as their reference table, up from 17% in 2013’s survey. On the other hand, only 11% ...

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    • Authors: Stephen Hodges, Charles M Bremer, Jeffrey Hartman
    • Date: Apr 2016
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2012 Survey Results Report
    return was felt to be a critical assumption by 17 of the respondents (Figure 41). • Ten of the 25 ... slightly lower for the highest issue ages (70+) (Figure 17 and Figure 19). • Median lapse rates at age 40-49 ...

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    • Authors: Society of Actuaries, Stephen Hodges, Mark Bergstrom
    • Date: Mar 2013
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life