Description: This report, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Annuities,’ examines the persistency of deferred annuities on a contract anniversary basis. The study was designed to analyze the surrender activity of deferred annuities by selected product, customer, and distribution characteristics. Another purpose of the analysis is to quantify, through modeling procedures, the relationship between surrender activity and variables associated with surrender. Quantifying this relationship is useful in product design, valuation, investment management, evaluation of market performance, and corporate planning.

Description: The 2013 Individual Disability Income Valuation Table (2013 IDIVT) approved by the NAIC as the new statutory minimum reserve morbidity basis.

Description: This web page describes a report that presents results for industry long-term care insurance persistency.

Description: This report focuses on the Fixed Indexed Annuity (FIA) contract owner behavior study conducted by the SOA Research Institute and LIMRA for the years 2021-2022. It includes detailed analyses on withdrawals, surrender rates, contract values, distribution channels, and more.

Description: This report is a study. It discusses the objectives, scope, methodology, and limitations of the study, focusing on how diagnosis affects disability income claim recovery and mortality rates.

Description: This experience study, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Life,’ was conducted by the Society of Actuaries’ Committee on Life Insurance Company Expenses [CLICE]. This report documents the results of the Committee’s sixth expense study—the 2006 SOA Individual Life and Annuity Expense Study. A Per Policy Index is used to facilitate the comparison of first year expenses [excluding commissions and premium taxes] among contributors. Similarly, a Per Policy Inforce Index is used to compare operating expenses [excluding commissions, termination expenses, premium taxes, and for annuities, annuity payout expenses].

Description: This paper reports on a detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives. It considers mortality improvement in the context of life insurance -as opposed to annuities - where any allowance for improvement represents a less prudent approach than assuming current mortality rates continue.

Description: The Health Care Cost Trends Strategic Research Committee is looking for a risk adjustment proposal that will examine the current risk adjustment landscape in the US and globally and the effect of increased complexity on risk adjustment accuracy.

Description: This experience study, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Life,’ was conducted by the SOA’s Individual Life Insurance Experience Committee. This report on intercompany mortality experience by amount of insurance under standard individually underwritten issues includes policy years 2004-05. The purpose of this report is to present an overview of mortality results relative to the 2001 Valuation Basic Tables and present some comparisons to the prior 2002-2004 study period. Consistent with prior reports, the study is performed on a gross basis without consideration of reinsurance. Includes three zipped files containing Excel pivot tables that provide more detail of the data summarized in the report.

Description: This is the sixth Intercompany Study of Long–Term Care Insurance. This report combines and analyzes data received from 35 insurers that agreed to provide information to further the knowledge of long–term care insurance. The study includes policies issued between January 1, 1984 and December 31, 2007.