Individual Life Waiver of Premium Experience Study

Author

Paul Correia, FSA, MAAA
Milliman

Description

This study follows a survey that was undertaken by the Society of Actuaries in 2018 on ILWOP reserving and pricing methods. Based on the interest expressed by participants taking the survey, the SOA Research Institute commissioned this report to collect data and analyze the experience in the form of an Actual to Expected study.

Report

Individual Life Waiver of Premium Experience Study

Acknowledgments

The deepest gratitude goes to members of the Project Oversight Group and others for their volunteer efforts and diligent work overseeing the ILWOP Experience Study.

Project Oversight Group members:
Tatiana Berezin, FSA, MAAA
Jim Filmore, FSA, MAAA
Frank Reynolds, FSA, MAAA
Jeff Rykhus, FSA, MAAA
Maureen Shaughnessy, FSA, MAAA
Joel Wurtzel, FSA, MAAA

At the Society of Actuaries Research Institute:
Korrel Crawford, Senior Research Administrator
Mervyn Kopinsky, FSA, MAAA, Senior Experience Studies Actuary
Cynthia MacDonald, FSA, MAAA, Senior Director, Experience Studies

At MIB:
Scott Fritsche, Manager

Questions or Comments?

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