Description: Discussion of Living to 100 Session 5A. The papers presented propose a new method to price the longevity risk premia in order to tackle the pricing obstacle and reviewed the insurance industry implications on retirement planning and the secondary market in insurance.

Description: In this paper, we investigate the dynamics of the Lee-Carter mortality index parameter kt. Specifically, we perform statistical hypothesis tests to examine whether the mortality indexes for Canada, England and Wales and the United States are best described by stochastic trends difference stationary models or deterministic trends trend stationary models. The empirical results favor broken-trend stationary models over difference stationary models, which are used in most previous applications of the Lee-Carter method. The results also give strong statistical evidence that the rates of mortality decline for the three populations have significantly accelerated in mid-1970s.

Description: The presenters will discuss a paper, initiated by the SOA's Experience Studies Executive Committee, that presents the various rate calculations used in experience studies for different lines of business.

Description: The presenters will highlight differences in mortality that result from socioeconomic issues. Topics will include the differences in cause-specific mortality among different socioeconomic classes, trends in these gaps over time, and recommendations for reducing inequalities in life expectancy in the future.

Description: this article provides a detailed, comprehensive and independent analysis of the impact of introducing the single-tier state pension.

Description: updates on SOA research

Description: A discussion of the development, key elements, applications, and implementation process of the 2001 CSO Tables for individual life insurance policies for computing minimum reserves, nonforfeiture benefits and tax reserves.

Description: A follow-up to the article “Comfort Food for an Actuary: Cognitive Testing in Underwriting the Elderly,” published in the May 2006 edition of Product Matters! This article presents the updated results, based upon three more years of data, of the Delayed Word Recall DWR Test mortality study. mortality study.

Description: The National Center For Health Statistics recently came out with preliminary 2006 U.S. population mortality statistics—showing lower mortality and a record life expectancy!