|
| |
Old Age III
- Including Bragg Immediate
Annuity Tables – Preferred
The need for accurate up-to-date information about old age mortality
has become pressing.
This report, which is the third in our series on this
subject, seeks to fill that need.
The
centerpiece of this Report consists of recent raw data on super-preferred
lives, ages 60-105
and the
resulting new Bragg Immediate Annuity Tables, Preferred.
These
consist of 2002 static tables, fully generational future tables, and fully
projected tables.
With
the use of this very safe mortality basis, carriers will be able, profitably,
to enter the badly
underserved single premium immediate annuity market.
|
Raw Data
|
|
'000
|
|
Data at Ages 60 – 69
(Preferred)
|
$22,224,427
|
|
Data at Ages 70 – 79
(Preferred)
|
8,098,882
|
|
Data at Ages 80 – 89
(Preferred)
|
723,187
|
|
Data at Age 90 and Over
(Preferred)
|
14,422
|
|
Data at Age 90 and Over
(Total)
|
106,596
|
|
Data by Issue Age
(45-75) and Duration (1, 2, 3-5, 6-10, 11-15) Groups
|
|
'000
|
|
Male Nonsmoker
|
$777,867,322
|
|
Male Smoker
|
87,025,882
|
|
Female Nonsmoker
|
272,722,138
|
|
Female Smoker
|
33,000,087
|
For Pricing and Additional
Information
|
Tables
Contained in Old Age III Report
|
|
|
|
Comparison of Mortality Tables
|
|
Standard Form for Mortality/Smoker Experience
|
|
Experience for Central Attained Age 60 and Up, by Issue Age
and Duration
|
|
Group Annuity Experience and Cohort Analysis
|
|
Comparison of Crude 1000q
|
|
Bragg Associates Data at 90 and Over
|
|
Bragg Preferred Data Summarized
|
|
Bragg Associates Data at 60 and Up - Preferred
|
|
Historical Comparison of Annuitant and Insured Life
Mortality
|
|
Bragg Immediate
Annuity Tables – Preferred – 2002 Static
|
|
1994 Bragg Accidental Death and Common Disaster Rates
|
|
Closeness of Fit – BIAT – Preferred – 2002 Static
|
|
Comparison of Mortality for Various Markets
|
|
Projection Scales
|
|
Fully Projected Examples
|
|
Table
of Contents |
|
Introduction |
|
|
Policy Regarding Use of Tables and Reports |
|
|
Raw Data Description |
|
|
Other Raw Data Available |
|
|
Tables Contained in This Report |
|
|
Study of Select Period |
|
|
Use of 2002 Bragg Life Tables for Older Age Business |
|
|
Experience for Central Attained Ages (Older Ages) |
|
|
Guides to Underwriting of Older Age Business |
|
|
Group Annuity Data and Cohort Analysis |
|
|
Discussion of Preferred Mortality and Classes |
|
|
Data at 90 and Over (Total) |
|
|
Bragg Preferred Data - 60 and Up |
|
|
Historic Comparison of Annuitant and Insured Life
Mortality |
|
|
Method of Construction of Bragg Immediate Annuity
Tables -Preferred 2002 Static |
|
|
Bragg Immediate Annuity Tables -Preferred 2002
Static |
|
|
1994 Bragg Accidental Death and Common Disaster Rates |
|
|
Closeness of Fit of Bragg Immediate Annuity Tables
-Preferred 2002 Static |
|
|
Comparison with Other Tables |
|
|
Comments About the Bragg Immediate Annuity Tables
-Preferred 2002 Static |
|
|
Comparison of Mortality for Various Markets |
|
|
Bragg Projection Scales – Fully Projected Tables –
Examples |
|
|
Life Settlements |
|
|
Charitable Giving |
|
|
Variations |
|
|
Health Expectancy |
|
|
Summary and Conclusions |
|
|