Description: Understanding the volatility associated with audit samples, as well as breaking out the different contributors to estimated mortality impact are vital tools in helping actuaries and underwriters make informed decisions about less invasive underwriting programs. This article walks through a sample example demonstrating how to calculate these metrics.

Description: The article summarizes results of a Milliman survey per the title. These products comprise about 40% of the total individual life market, and the survey covers a range of topics on these plans, which should be of interest to a large portion of the life industry.