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Old 01-20-2018, 11:10 PM
Westley Westley is offline
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Default Question on Life Tables, I think...

This question was asked in another thread and sub-forum, but the Life section seems more appropriate:
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Originally Posted by m929m485 View Post
I am a non-actuary and don't aspire to become an actuary (no disrespect), but I came across the description below and I'm trying to understand it better--could someone explain? I understand the basics of how projections to a certain year work, but what does "fully generational" mean?

"Mortality determined using the sex-distinct UP-1994 Mortality Table with Projection scale AA to 2012 and then fully generational thereafter using scale AA."

Thanks in advance.
Link to the original if you can be helpful:
http://www.actuarialoutpost.com/actu...41#post9218641
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Old 01-24-2018, 11:22 AM
MetsMan MetsMan is offline
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Fully generational just means that mortality improvements are projected into the future for each year. So the mortality for a 65 year old in [x] years is lower than it is for a 65 year old today.

Alternatively, some mortality tables are projected with mortality improvements to a fixed point in time, and then do not change further after that.
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Old 01-24-2018, 12:02 PM
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Carol Marler
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Originally Posted by MetsMan View Post
Fully generational just means that mortality improvements are projected into the future for each year. So the mortality for a 65 year old in [x] years is lower than it is for a 65 year old today.

Alternatively, some mortality tables are projected with mortality improvements to a fixed point in time, and then do not change further after that.
Pension talk is odd.
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