Survey of Waiver of Premium/Monthly Deduction Rider Assumptions and Experience
March 2018
The Society of Actuaries’ Product Development Section, Financial Reporting Section, and the Committee on Life Insurance Research announce the release of a new study that will provide a resource for life insurers on the prevalence of companies’ assumptions for waiver of premium/monthly deduction riders. Authored by the Milliman team of Jennifer Fleck and Paul Correia, the research results include assumptions being used for mortality, pricing, and valuation in order to help enhance practices in supporting and managing this benefit. The survey will also assist companies as they prepare for determining reserves and capital under a principal-based framework.
Report
Survey of Waiver of Premium/Monthly Deduction Rider Assumptions and Experience
Thank You
The Sponsors would like to thank the companies that participated in the study and the following individuals who served on the Project Oversight Group:
Thomas P. Edwalds—Chair
Amee Delong
Verene Duvall
Neil Fackler
James M. Filmore
James S. Hawke
Sean O’Connell
Tony Phipps
Maureen Shaugnessy
Ronora Stryker, SOA Research Actuary
Jan Schuh, SOA Sr. Research Administrator
Questions Or Comments?
If you have comments or questions, please send an email to research@soa.org.