Deferreds Basis: TVMortality
Same as Valuation Basis Cash Flows
- TVMortality Same as Valuation Basis Pre Retirement Mortality
- TVMortality Same as Valuation Basis Member Post Retirement Mortality
- TVMortality Same as Valuation Basis Spouse Post Retirement Mortality
Transfer assumptions can be set to always be the same as the Valuation Basis i.e. either one or more of the following:
- cash flow parameters (capitalised or spread)
- interest rates
- increase rates
- spouse parameters (proportion married, age difference)
- member’s pre retirement mortality
- member’s post retirement mortality
- spouse / partner’s post retirement mortality
Ignore Death in Deferment in Transfer Calculations
Check this if Death-in-Deferment mortality assumptions are to be ignored in the calculation of Transfer Values.
Mortality Rate Parameters
- TVMortality Male Transfers Pre-Retirement Mortality Rate Parameters
- TVMortality Female Transfers Pre-Retirement Mortality Rate Parameters
Select from the drop-down list the Global Mortality Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Parameters.
Migrated parameters include:
- the percentage adjustment made to the table
- the table name or code
- the age rating that is applied to the table.
If "None" is selected then table D000 is selected automatically, the values are set to 0 at all ages i.e. zero mortality.
Mortality: Data Field Loading
- TVMortality Male Transfer Member Pre-Retirement Individual % Rating
- TVMortality Female Transfer Member Pre-Retirement Individual % Rating
If a percentage loading adjustment to the mortality table is required on a member-by-member basis, then select from the drop-down list the data item containing the loading.
The data item selected should contain the percentage above 100%, so if
loading of 110% is required then use 10 or if a loading of 90% is
required then use -10.
Please note that if the Mortality Rate Parameters above include a percentage adjustment then this will also be applied to the base table in addition to any entry in this field.
Mortality Rate Improvement Parameters
- TVMortality Male Transfers Pre-Retirement Mortality Improvement Parameters
- TVMortality Female Transfers Pre-Retirement Mortality Improvement Parameters
Select from the drop-down list the Global Mortality Improvement Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Improvement Parameters.
Migrated parameters include:
- the percentage adjustment made to the table
- the table name or code
- the age rating that is applied to the table.
Mortality Rate Parameters
- TVMortality Male Transfer Member Post-Retirement Mortality Rate Parameters
- TVMortality Female Transfer Member Post-Retirement Mortality Rate Parameters
- TVMortality Male Transfer Member's Spouse/Partner Mortality Rate Parameters
- TVMortality Female Transfer Member's Spouse/Partner Mortality Rate Parameters
Select from the drop-down list the Global Mortality Rate Parameters to use.
The Parameter will be referenced by the name given when saving in the Global Mortality Parameters.
Migrated parameters include:
- the percentage adjustment made to the table
- the table name or code
- the age rating that is applied to the table.
If "None" is selected then table D000 is selected automatically, the values are set to 0 at all ages i.e. zero mortality.
Member % Rating
- TVMortality Male Transfer Member Post-Retirement Individual % Rating
- TVMortality Female Transfer Member Post-Retirement Individual % Rating
- TVMortality Male Transfer Member's Spouse/Partner Individual % Rating
- TVMortality Female Transfer Member's Spouse/Partner Individual % Rating
If a percentage loading adjustment to the mortality table is required on a member-by-member basis, then select from the drop-down list the data item containing the loading.
The data item selected should contain the percentage above 100%, so if
loading of 110% is required then use 10 or if a loading of 90% is
required then use -10.
Please note that if the Mortality Rate Parameters above include a percentage adjustment then this will also be applied to the base table in addition to any entry in this field.
Mortality Rate Improvement Parameters
- TVMortality Male Transfer Member Post-Retirement Mortality Improvement Parameters
- TVMortality Female Transfer Member Post-Retirement Mortality Improvement Parameters
- TVMortality Male Transfer Member's Spouse/Partner Mortality Improvement Parameters
- TVMortality Female Transfer Member's Spouse/Partner Mortality Improvement Parameters
Select from the drop-down list the Global Mortality Improvement Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Improvement Parameters.
Migrated parameters include:
- the percentage adjustment made to the table
- the table name or code
- the age rating that is applied to the table.
The Add/Edit Mortality Rates button
Clicking the Add/Edit Mortality Rates button allows you to edit a Mortality definition previously defined in the Global Parameters.
Either click on defaults to enter a new definition or select one of the existing definitions to amend. You can also delete a Mortality definition by clicking the Delete button.
The Add/Edit Mortality Improvement button
Clicking the Add/Edit Mortality Improvement button allows you to edit a Mortality Improvement definition previously defined in the Global Parameters.
Either click on defaults to enter a new definition or select one of the existing definitions to amend. You can also delete a Mortality Improvement definition by clicking the Delete button.
Save As
Click the Save As button to save with a new parameter description.
Save
Clicking on the Save button allows you to save the entries.
Quit
Clicking on the Quit button allows you to exit without saving any of your changes.
In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.