U.S. Individual Life Persistency Update

Experience Studies – Individual Life

U.S. Individual Life Persistency Update

This report presents the results of a study of individual life insurance lapse experience in the United States conducted jointly by LIMRA International and the Society of Actuaries. The study is based on data provided by 22 individual life insurance companies and it presents lapse experience for whole life, term life, universal life, and variable universal life plans traced through 2002. The report examines lapse experience on individual life products for a variety of policy and product factors. The study can be used for industry benchmarking, as well as for background information for the product development and planning process.

To aid the reader in interpreting the information contained in the report, an Excel spreadsheet, which provides exposure information by lapse factor and data cell, is also available.

Materials

U.S. Individual Life Persistency Update

2001-02 U.S. Individual Life Persistency Update

Questions Or Comments?

If you have comments or questions, please send an email to research@soa.org.