Description: This is an article about The SOA’s Committee on Life Insurance Company Expenses CLICE and its completion of its fourth inter-company study of expenses for individual life and annuity business issued in the United States.

Description: Experience-study instructions to contributors. Looks to develop inter-company information about expenses for many types of individual [not group] life and annuity products.

Description: Highlights from the 2002 Inter-Company Expense Study of U.S. Individual Life Insurance and Annuities.

Description: The study examines the GLB utilization of over 4.9 million contracts that were either issued during or in force as of 2014.

Description: Results of the 2005 inter-company study of expenses for individual life and annuity business conducted by the SOA’s Committee on Life Insurance Company Expenses, CLICE.

Description: Notice of Intent to Submit Data to 2010 Individual Life and Annuity Expense Study.

Description: Summary report for the eighth expense study conducted by the Society of Actuaries' Committee on Life Insurance Company Expenses [CLICE]. Contributions of individual life and annuity expense data were received from 23 U.S. life insurance companies.

Description: This article provides encourages participation in and provides instructions for participation in the 2010 CLICE study. The objective of the 2010 study is to provide useful unit expense benchmark information to actuaries and their managements from which to assess their own unit expense performance, while expanding the level of contributions. In addition, CLICE expects the results to be useful in enhancing the generation of the Generally Recognized Expense Table GRET in the U.S. used by some companies to demonstrate compliance with the NAIC model sales illustration regulation.

Description: This study of mortality on deferred Variable annuities over the period 1991-1995 was designed to test the adequacy of the 1994 MGDB Valuation Mortality Table to cover presumed extra mortality on Variable annuities VAs with Substantial Minimum Guaranteed Death Benefits MGDBs as compared with VAs with Minimal MGDBs. A parallel study of Fixed Annuity experience was carried out as a control. Expected deaths were computed also on the Annuity 2000 Table. The results raise questions as to its continuing safety as a valuation table for individual annuities. The study also shows that mortality levels on Qualified NonPension Trust business are significantly lower than on Nonqualified business.

Description: A short article looking at the results from an annual assumption survey of VA writers with a focus on changes companies observed and planned to make due to COVID-19. In the article we discuss what companies should be considering as they approach the 2020 year end assumption setting and audit season.