John M. Bragg, FSA
Geoffery Crofts, FSA
Faye Albert, FSA                          

Harold I. Cohen, FSA

   Bragg Associates Actuaries
   

      

 

   

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

 


 

David G. W. Bragg
Copyright 2006 John M. Bragg and Associates, Inc. All rights reserved.                                                   
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Revised: 06/15/10.