Life Experience Committee

The Life Experience Committee is responsible for experience studies, assumptions, and related elements, including mortality, policyholder behavior, and expense assumptions. The committee writes papers with regard to these topics and reviews research from external organizations as applicable, including research on topics such as inflation, margins, and credibility with respect to the work of actuaries in modeling and more comprehensive papers on subjects such as the modeling of guaranteed living benefits in annuities. The committee is also responsible for reviewing research from external organizations as applicable. In addition, the Life Experience Committee is responsible for working with the Society of Actuaries regarding experience studies and addressing NAIC amendments related to life actuarial assumption development and experience studies.