2024 GRET Recommendation
August 2023
The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2024 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. This recommendation was adopted by LATF on September 28, 2023.
Materials:
Acknowledgments:
SOA Research Institute Committee on Life Insurance Company Expenses
Tony Phipps, FSA, MAAA, Chair
At Purdue University
Mengyi Xu, PhD, FSA, FIAA, Assistant Professor
Anna Marie Kragness, Student
At the Society of Actuaries Research Institute
Korrel Crawford, Senior Research Administrator
Cynthia S. MacDonald, FSA, MAAA, Senior Director Experience Studies
Pete Miller, ASA, MAAA, Experience Studies Actuary