Description: This article discusses a recently completed RGA in-depth study that looked at assumptions and experience for lapses and mortality at the end of the level premium period for level term business.

Description: The Product Development Section Council and the Committee on Life Insurance Research of the SOA engaged RGA Reinsurance Company to undertake a research project on level premium term life insurance products with a particular focus on the magnitude and impact of the 'shock lapse' at the end of the level premium period. Mortality was also studied. These are the Excel Pivot Tables for that study. Please see the SOA website experience studies for the full report.