The SOA Mortality Model – Putting It to the Test

As part of the recently released 2008 VBT mortality tables, the Society of Actuaries introduced a theoretical model of the mortality continuum for the insurable population. The model’s spectrum extends from the very best super-preferred risks to those who barely qualify for a residual-standard class. Also included in the theory are underlying distributions for each distinct level of mortality. So how does the SOA model hold up to real world empirical data? Transamerica Reinsurance’s mortality experience database provides an ideal vehicle for putting the theory to the test.

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