Actuarial Outpost
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Life
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson
Actuarial Jobs

Visit our site for the most up to date jobs for actuaries.

Actuarial Salary Surveys
Property & Casualty, Health, Life, Pension and Non-Tradtional Jobs.

Actuarial Meeting Schedule
Browse this year's meetings and which recruiters will attend.

Contact DW Simpson
Have a question?
Let's talk.
You'll be glad you did.

Thread Tools Search this Thread Display Modes
Old 06-02-2018, 06:24 AM
JuniorASA JuniorASA is offline
Join Date: Oct 2004
Posts: 353
Default High Age Mortality Rates Proxy

Hi all, Currently, I have a standard mortality rates up to age 100. If I would like to extend the mortality rates from age 100 to say age 110, is there any standard actuarial extrapolation approach I could use to serve for this purpose? Thanks,
Reply With Quote
Old 06-02-2018, 09:29 AM
JMO's Avatar
JMO JMO is offline
Carol Marler
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
Posts: 37,660

My answer to a different thread:
Originally Posted by JMO View Post

You can find lots more by putting "high age mortality" (without quote marks) into Google.
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.

I should keep these four permanently.
Originally Posted by rekrap View Post
JMO is right
Originally Posted by campbell View Post
I agree with JMO.
Originally Posted by Westley View Post
And def agree w/ JMO.
Originally Posted by MG View Post
This. And everything else JMO wrote.
And this all purpose permanent quote:
Originally Posted by Dr T Non-Fan View Post
Yup, it is always someone else's fault.
All purpose response for careers forum:
Originally Posted by DoctorNo View Post
Depends upon the employer and the situation.
Originally Posted by El Actuario View Post
Therapists should ask the right questions, not give the right answers.
Originally Posted by Sredni Vashtar View Post
I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
Reply With Quote
Old 06-02-2018, 04:45 PM
Kalium Kalium is offline
Join Date: Dec 2014
Posts: 103

What do you need it for? The above will give you some pointers on population mortality, but if it is for a pension plan or annuitant portfolio you might want something lighter.

You could look at the mortality tables on the SOA website, and find one that "fits" your existing (<100) data, and take the higher ages from there. The more recent annuitant tables generally go to 110.
Reply With Quote
Old 06-03-2018, 07:15 AM
JuniorASA JuniorASA is offline
Join Date: Oct 2004
Posts: 353

Thanks, That's the good reference point. But I need to extend it to age 130 for pricing purpose and see if there is any reference or extrapolation approach to move it forward. Thanks
Reply With Quote
Old 06-03-2018, 11:31 AM
Kalium Kalium is offline
Join Date: Dec 2014
Posts: 103

You don't need to go to 130. The oldest person in the world, ever, died at 122. And assuming you are issuing policies at a much younger age, the chances of them surviving to above say 110 are so small that it shouldn't make any difference to your pricing. Even if you are factoring in improvements.

If your pricing system requires rates input up to age 130, then setting everything over 110 to something like 0.4 (qx) should be sufficient. (You can try different rates to check that it makes no difference to pricing).
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 01:32 PM.

Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.14424 seconds with 9 queries