![]() |
|
#42
|
||||
|
||||
![]() Telomeres and long life
http://www.einstein.yu.edu/home/news.asp?id=435 Quote:
|
#43
|
|||
|
|||
![]() Apologies if this is the wrong place to post this - I wanted to find a subforum specifically on mortality, because this topic (Longevity watch) is within the Life subforum, and mortality affects Pensions as well.
The UK CMI (Continuous Mortality Investigation) Bureau has just published details of a new model for projecting mortality improvements, see "CMI Working Paper 41 and the launch of the new CMI Mortality Projections model" at http://www.actuaries.org.uk/knowledge/cmi (which is the home page for the CMI bureau).
__________________
Spoiler: UK software developer, actuary, musician, atheist. All posts in a personal capacity (unless explicitly stated otherwise in the post). |
#45
|
||||
|
||||
![]() Can't remember if I put these links in yet:
http://longevity-risk.org/ Roundtable: Longevity risk From the second link: Quote:
|
#46
|
|||
|
|||
![]() Quote:
I don't buy it. First, since when is life insurance mostly bought by young people? There is boatloads of life insurance being sold to people in 40's and 50's and higher, and when you measure mortality risks that need hedging, these are probably the most important groups to hedge. These groups are certainly much more likely to be similar to the annuitant age group in terms of types of changes in mortality. Second an evem more promising hedge is to cover life and longevity risks on the exact same persons (die too soon, live too long). Also, given the likely nature of modern or future wars, I even think that is less of an important risk differential by age, than it was in the past. Chuck |
#48
|
||||
|
||||
![]() Quote:
Whereas the vast majority, I figure over 90%, of annuitized annuities are held by somebody over 60. When somebody in the under-60 crowd dies, the life insurer takes a big loss from that premature death. But they can't save much money from the annuity owners who die before 60, because almost none of them have annuitized yet. Those early deaths of annuity owners may even cost the insurer a lot of money, if the annuity has a death benefit that can be larger than the cash value.
__________________
The forest was shrinking, but the trees kept voting for the axe because its handle was made from wood, and they thought it was one of them. Last edited by Incredible Hulctuary; 11-29-2009 at 08:10 PM.. |
#49
|
||||
|
||||
![]() Two points. First is basis risk, since the age distribution of payout annuitants and life insureds are rather different. In addition, the motiviations are different in buying life insurance or taking an annuity, so there will be somewhat different self-selection effects in the two groups.
Second. I don't think it will be easy to get comparable financial impacts on both groups for the same change in mortality. Not impossible, but you will need to do some simulations to see how much mortality side risk to balance against longevity side risk.
__________________
Carol Marler, "Just My Opinion" Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial. My latest favorite quotes, updated Nov. 20, 2018. Spoiler: |
#50
|
||||
|
||||
![]() Quote:
![]() My older brother turned 65 last month. ![]() ![]()
__________________
there is no situation so bad that getting upset won't make it worse |
![]() |
Tags |
aging, longevity, mortality, research |
Thread Tools | Search this Thread |
Display Modes | |
|
|