Progress To‐Date cont’d Higher age mortality comparison (experience by amount) – 1994 GAM lower than population, Annuity 2000 rates significantly lower than population and more recent life experience table at highest ages for male risks – Considering: experience table projections between ages 65 and 90 or 95, Kinnisto extension beyond, with a cap of 2008 VBT (with some level of improvement) and qx rate of 0.40.
Table 2000-2004 study Qx/1000 Annuity 2000 Basic AAA Initial Table 2008 Primary, NS 2005 Life Table 2006 SSA Table 1994 GAM Basic (@ 2000) Kinnisto
Age 90 Male Female 135.37 124.61 135.89 139.33 174.40 177.64 160.49 133.20
100.77 112.76 107.00 104.24 139.06 138.94 122.77 105.84
Age 95 Male Female 198.95 180.24 216.65 227.67 260.68 277.94 248.18 210.96
166.14 174.49 171.92 159.48 219.82 226.89 197.83 174.79
Age 99 Male Female 229.90 233.37 304.13 306.99 346.93 354.02 322.04 286.78
338.56 233.03 296.03 240.15 305.42 299.72 274.38 246.73
Copyright©©2007 2010by bythe theAmerican AmericanAcademy AcademyofofActuaries Actuaries Copyright NAIC Life and Health Actuarial Task Force Meeting The Year in Review, November 2007 August 2010 5
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