Description: There are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the home owners to release cash from their properties without leaving their home. In the lease buyback scheme (LBS) recently introduced rin Singapore, the home owner sells the tail-end of the property lease to the government in exchange for a cash payment upfront. Unlike the two main equity release plans, the LBS only allows the owner to stay in the property during the front part of the lease but not for life. In this paper, we propose a hybrid home equity release plan that incorporates both features of the home reversion plan and the LBS. We provide an actuarial framework to analyse the pricing of the hybrid plan. Some numerical illustrations are presented to show the actuarial values of the plan under different parameter choices, such as lease period and portion of property values sold. The hybrid plan provides enhanced flexibility to plan takers to meet their retirement needs.

Description: This is an Excel spreadsheet that lists the 2001 CSO and 2001 VBT tables for various combinations of super preferred, preferred, and residual standard, for females and males, for smokers and non-smokers, and for ANB and ALB.

Description: This report is a revision of an earlier publication of the Mortality Under Standard Individually Underwritten Life Insurance Between 1990 and 1991 Anniversaries. Tables are in a separate document.

Description: This study is the annual report on inter-company mortality experience by amount under standard individually underwritten issues. The study focuses on the single year results from the 1995-96 study period and also examines experience in the most recent five-year period 1991-96 in order to provide a larger volume of data so that broader comparisons of results can be made.

Description: Tables for the 1995-96 individual life mortality experience study

Description: This report presents the results of a survey on individual life insurance claims in early policy durations. It covers: application questions, underwriting tests, claims practices, best indicators of early claims, most common causes of early deaths, and mortality experience.

Description: 2010 International Congress of Actuaries Meeting, Cape Town. This PowerPoint presentation outlines the background and results of the international persistency and mortality experience study in various countries.

Description: The attached report presents the results of a survey whose purpose was to explore life insurance company practices regarding the use of a mortality improvement assumption in the pricing of life insurance products. The survey distinguished between updating base mortality tables for historical mortality improvement versus projecting mortality improvement into the future.

Description: This is the mortality tables that appear in the 2000-2004 Preneed Insurance Mortality Study report. Please see the SOA website for the complete report.