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Ind Annuity: Mortality

Mortality Rate Parameters

  • Mortality Primary Annuitant Mortality in Deferment Parameters
  • Mortality Spouse Mortality in Deferment 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 Rate Improvement Parameters

  • Mortality Primary Annuitant Mortality Improvement Parameters
  • Mortality Spouse 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

  • Mortality Primary Annuitant Mortality on Pension Parameters
  • Mortality Spouse Mortality on Pension 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 Rate Improvement Parameters

  • Mortality Primary Annuitant Mortality Improvement Parameters
  • Mortality Spouse 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.

Calculation Year

This field applies where the Mortality Improvement Method is a 2D Tables. The 2D Table has mortality reduction factors by age and year (commencing age 0 and year 2000 as the first entry).

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.

Run

Click the Run button to run the calculations.

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.