Valuation/Illustration Reports, Tables, and Tools
The Society of Actuaries Research Institute offers a variety of valuation/illustration materials for use by actuaries. Table reports are often accompanied by Excel workbooks with complimentary materials. Tools include the Relative Risk Tool and the Academy’s Economic Scenario Generator referenced in the Valuation Manual.
Tools
Tables & Reports
2023
- Individual Life Insurance Mortality Improvement Scale – for Use with AG38/VM20 – 2023
- September
- 2024 GRET Recommendation
August
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. - 2023 Group Term Life Waiver Experience Table Report
June
This report documents the construction of the 2023 Group Life Waiver Experience Table, which is based on data from years 2006-2015.
2022
- Individual Life Insurance Mortality Improvement Scale – for Use with AG38/VM20 - 2022
October - 2023 GRET Recommendation
August - Process to Determine if a VBT Update is Required
March
The VBT Analysis Subgroup of the Joint Academy Life Experience Committee and SOA Preferred Mortality Oversight Group recommends the approach documented in this report for determining when there is sufficient change in the emerging actual mortality experience relative to the current VBT to warrant changes to the table.
2021
- Long-Term Care Insurance Mortality and Lapse Study
December - Individual Life Insurance Mortality Improvement Scale Recommendation – for Use with AG38/VM20 - 2021
- October
- 2022 GRET Recommendation
August
2020
- Individual Life Insurance Mortality Improvement Scale Recommendation – for Use with AG-38 and VM-20 – 2020
October
August- 2021 GRET Recommendation
August
2019
- Individual Life Insurance Mortality Improvement Scale Recommendation – for Use with AG 38 and VM 20 - 2019
October - 2020 GRET Recommendation
August
2018
- Individual Life Insurance Mortality Improvement Scale Recommendation – for Use with AG 38 and VM 20 - 2018
December - 2019 GRET Recommendation
August
2017
- Mortality Improvement Rates for AG-38 for Year-End 2017
December - 2018 GRET Recommendation
September - 2017 Simplified Issue Composite Mortality Tables
August
2016
- Mortality Improvement Rates for AG-38 for Year-End 2016
September - 2017 GRET Recommendation
September - 2016 Cancer Claim Cost Valuation Tables
August - 2013 Individual Disability Income Valuation Table
August - 2013 Individual Disability Insurance Valuation Table and Supporting Materials
January
2015
- Mortality Improvement Rates for AG-38 for Year-End 2015
December - 2016 GRET Recommendation
August - 2015 Principle-Based Reserving (PBR) Margins – Exposed
July - 2017 Commissioner’s Standard Ordinary (CSO) Tables
July - 2015 Valuation Basic Report & Tables - Updated 9.13.18
April - 2014 Valuation Basic Table (VBT) & Relative Risk (RR) Tables - Beta Versions
February
2014
- Mortality Improvement Rates for AG-38 for Year-End 2013
December - Mortality Improvement Rates for AG-38 for Year-End 2014 (Corrected 1.22.15)
December - 2015 GRET Recommendation
July
2013
2011
2008
- Valuation Table Team Report and Workbook for the June 2008 NAIC LHATF Meeting
May - 2008 Valuation Basic Table (VBT) Report & Tables
March
2006
2005
2002
2000
- Report of the Task Force to Recommend Morbidity Standards for Valuation of Credit Disability
November