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  • Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2012 Survey Results Report
    return was felt to be a critical assumption by 17 of the respondents (Figure 41). • Ten of the 25 ... slightly lower for the highest issue ages (70+) (Figure 17 and Figure 19). • Median lapse rates at age 40-49 ...

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    • Authors: Society of Actuaries, Stephen Hodges, Mark Bergstrom
    • Date: Mar 2013
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life