2013 Group Term Life Experience Study & Tables

Experience Studies – Group Life

The Group Life Insurance Experience Committee of the Society of Actuaries has completed the 2013 Group Term Life Mortality and Morbidity Study Report. Data were solicited from insurers regarding Group Term Life Insurance policies in force anytime during the study period of 2007 to 2009. The 2013 Study includes three pivot tables: Individually Billed Group Life, Self-Administered Group Life, and AD&D, which will enable companies to perform their own analysis to supplement the findings of this report.

Please note, the Group Term Life Report (pdf file) and individually billed pivot table have been updated as of 9/24/14 to correct minor errors to the face amount band labels.

Two supplemental reports were prepared to accompany the main study and tables. The mortality report focuses on mortality changes by age and gender for basic individually billed coverage and the waiver report on waiver incidence rates and development of waiver cost relative to expected mortality (non-waiver) claims.