II. 1975-80 BASIC TABLES - Society of Actuaries
TRANSACTIONS OF SOCIETY OF ACTUARIES 1982 REPORTS
II. 1975-80 BASIC TABLES
ABSTRACT
This report presents the 1975-80 Select and Ultimate Basic Tables. The Age Nearest Birthday tables are shown on the next three pages. The Age Last Birthday tables are shown in the Appendix. The select tables show mortality rates for issue age groups 0. 1,2-4, 5-9, 10-14, through 70 and over. during the first fifteen policy years. The ultimate tables show mortality rates for individual attained ages from 15 through 100. Separate sets of tables have been constructed for male lives and for female lives.
The mortality rates are based on the combined intercompany mortality experience under Standard Ordinary insurance issues observed between 1975 and 1980 policy anniversaries. All rates are based on medical, paramedical and nonmedical issues combined.
The new tables are intended to replace the 1965-70 Basic Tables in the analysis of intercompany experience and to provide companies with an up-to-date basis for making mortality comparisons.
TABLE
1 ....... 2 ....... 3 ....... 4 ....... 5 ....... 6 ....... 7 ....... 8 ....... t~ .......
10 . . . . . . . Appendix
INDEX OF TABLES
TITLE
1975-80 Select Basic Tables--Age Nearest Birthday
1975-80 Ultimate Basic Tables--Age Nearest Birthday
1975-80 Select Experience--Crude Monality Rates
1975-80 Select Basic Tables--Test of Graduation--Male Lives
1975-80 Select Basic Tables--- Test of Graduation--Female Lives
1975-80 Select Data--Actual Death Claims
1975-80 Ultimate Experience--Crude Mortality Rates
1975-80 Ultimate Basic Tables--Test of Graduation
1975-80 Ultimate Data--Actual Death Claims
1975-80 Basic Tables--Ratios of Select to Ultimate Mortality Rates
Comparison of 1975-80 and 1965-70 Select Basic Tables
Comparison of 1975-80 and 1965-70 Ultimate Basic Tables
1975-80 Select Basic Tables--Age Last Birthday
1975-80 Ultimate Basic Tables---Age Last Birthday
55
]SSt;L A{iL: GROUP
0 ........ I ........
2-4 ....... 5-9 ....... 10-14 ......
15-19 ...... 2(i-24 ...... 25-29 ...... 30-34 ...... 35-39 ......
40-44 ...... 45-49 ...... 50-54 ...... 55-59 ...... 60-6.4 ......
65-69 ...... 70 and over
1
1.23 0.49 0.35 0.19 0.23
1.05 0.73 0.68 "0.63 0.67
0.92 1.39 1.90 2.82 3.50
5.91 9.12
2
0.74 0.47 0.29 0.20 0.32
1.12 0.76 0.68 0.71 0.84
1.22 2.17 -9. 5 ,~ 3.8'9 5.14
9.12 12.90
{This table i~ continued on Ihe nexl p a g e }
3
(}}.48 0.42 025 0.22 {},50
1.17 0.76 0.70 0.84 1.15
1.76 27~ 3.17 4.94 7.97
12.62 16.85
4
0.43 0.36 0.23 0.24 0.66
121 0.76 0.71 0.92 1.37
2.09 3.25 3.85 6.18 9.36
16.42 22.45
1975-80 SELE'CT BAsic TABLES MAldt: LIVES--AGE NEAREST BIRI'tlDAY (]RAI)UAI'EI) MORTAI.ITY RATES PER I,(R}0
5
038 0,28 0.22 0,27 0,87
1.20 0,77 0,73 1.00 1.58
2,37 3.69 4.65 7.38 I 1.59
211. I 1 25.17
~
0.34 0.23 0.20 0.30 1.05
1.18 (L77 (I.77 1.1}8 1.78
2.62 4.13 5.38 8.60 I 1.83
22.42 26.41
7
033 0.22 0.22 035 1.13
1.18 0.77 0.81 1.17 2.01
2.89 4.56 6.23 9.96 1329
25.79 29.63
8
0.29 0.22 0.24 0.50 1.19
1.15 0.77 0.86 1.28 2.24
3.18 4.89 7.2(1 11.33 15.21
28.69 34.65
o.27
0.24
0.27
{}6B 1.23
I. 11 +! 81} 11.92 1.411 25 ~
3 S2 531 8~2 12.87 17 O5
32.93 4~}. 311
II
(?73-1 (I.25
o 74
0.27
i;.;,} I 0.37
(i~7
1.05
1.111
35
1.{17 {} 8 I Ol } 58 2 8n
.{15 !t.88 t.08 1.8t 3 {18
.~gv 5.93 9 48 15.03 19 77
4.57 6.79 1151 18.21 23.18
34.47 46.63
3842 52.71
12
0.28 0.30 0.53 1.13 1.36
1.06 0,91 1.17 2.03 3.43
5.28 7.78 13.18 21.36 26.21
42.80 61.41
13
0.31 0.38 0.68 1.19 1.30
1.05 0.96 1.30 2.26 3.86
6.15 9.03 14.52 24.39 30.06
49.08 73.53
14
I).38 0.54 1.01 1.23 1.25
1.06 1.04 1.47 2.53 4.32
7.05 10.34 15.80 27.15 33.93
57.68 88.71
15
0.54 0.68 1.14 1.40 1.20
t 08 1.15 1.63 2.83 4.82
7.85 I 1.85 16.96 30.87 41.03
62.18 110.30
ISSLIF A(~t: I
(iR(ll I,
I
0 ........ 1 ........ 2-4 ....... 5-9 ....... 10-14 ......
0.93 (I.34 0.24 0.17 0.18
15-19 ......
0.36
20-24 ......
0.32
25-29 ......
0.30
30-34 ......
0.38
35-39 ......
0.48
40-44 ...... 45-49 ...... 50-54 ...... 55-59 ...... 60-64 ......
0.70 0.96 1.20 1,51 2.15
65-69 ...... 70 and over
2.82 4.92
2
0.34 0.30 0.24 0.18 0.27
0.37 0.34 0.35 0.44 0.58
0.98 1.33 1.68 2,11 3, 12
3.94 6.94
3
4
0.30
0.27
0,27
0.24
0.22
0.20
0.18
0.19
0.32
0,36
0.39
0.40
0.36
0.38
0.41
0,45
0.54
0.65
0.71
0.92
1.20
1.54
1.68
1.95
2.10
2.47
2,76
3,49
4,07
5.01
5. I0 i 6.27 8.97 I 11.02
1975-80 SELLC'r BASIC TABLES (continued) FEMALI~ LIVE;,s--AGE NEARESI" BIRTItDAY GRADUATED MORTAI.ITY RATES PER 1,000
5
0.24 0.22 0.18 0,21 0.40
0,41 0.40 0.50 0.76 1.13
1.80 2,34 3,01 4,24 5,93
7.48 13.08
6
0.22 0.20 0.18 0,24 0.44
0.42 0.41 0.55 0.86 1.35
2.10 2.65 3.61 5.02 6.88
8,85 15.15
7
0.20 0.18 0.18 0,27 0.47
0.43 0.43 0.59 0,97 1.56
2.33 3,06 4.28 5.82 7.90
10.43 17.16
POLLC~1 YLAR
8
o
0.18
OI8
0. t8
0.18
0.19
0.21
0.32
0.36
0.49
0.51
0.44
0.53
0,45
0.46
0.63
0.66
1.08
1.19
1.77
1.98
2.58
2.83
3,49
3,94
5,03
5,40
6,62
7.42
8,97 10.07
12.32 19.12
14.61 21,06
I0
0.18 0.19 0.24 0.40 0.52
0.53 050 0.76 1.31 2.19
3.10 4.41 6.01 8.21 I 1.19
17.37 23,14
11
0.19 0.21 0.27 0,44 11.53
0.53 11.61 0.93 1.62 2,39
3.38 4,90 6.64 9.00 13,90
21,40 33.21
12
0.21 0.24 0.32 0.47 11,53
0,53 0.65 1.03 1.79 2.60
3.69 5.41 7.27 10.04 15.50
23.87 37,06
I~
024 0.27 0.36 0,49 0,53
0.54 0.70 I. 15 1.96 2.82
4.01 5.94 7.91 11,20 17.30
26.64 41,34
14
0.27 0.32 0.40 11.51 0.53
0.55 0.77 1.29 2.14 3.15
4.57 6,84 9.00 13,13 211.28
31.21 48.44
15
0.32 0.36 0.44 0.52 0.53
0.58 0.84 1.45 2.33 3.42
4.94 7.46 9.70 14,65 22,64
34.98 54,05
Attained
A..~S. 15 . . . . . . . . 16 . . . . . . . . 17 . . . . . . . . 18 . . . . . . . . 19 . . . . . . . . .
Z0 . . . . . . . 21 . . . . . . .
23 ..... 24
25 ........ 26
28 ........ ~9
30 ........ 31 . . . . . . . . 3Z ........ 33 ........ 34 ........
35 ........ 36 ........ 37 ........ 38 ......... 39 ........
41) . . . . . . . . 41 . . . . . . . . 42 ........ 43 ........
,.-t.4 ........
45 ........ 46 ........ 47 ........ 48 ........ 49 ........
50 ........ 51 . . . . . . . . 52 ........ 53 ........ 54 ........
55 ........ 56 ........ 57 ........ 58 ........ 59 ........
1975-80 ULTIMATEBASIC TABLES--AGE NF.ARESTBIRIHDAY GRADUATED MORTALITY RATES PER 1,000
Male Lives
0.68 1.01 1.14 1.22 1.31
1.37 1.40
1.41 1.40
I, 38
1,34 1.29 1.24
1.20 1.17
1.14 1.12 I.tl 1.12 1.14
1.17 1.22 1,28 1.36
1,45
1.56 1.70
1.87
2.07 2,31
2.58 2.89 3.24 3,61 4.02
4,45 4.92 5.44 6.(X) 6.61
7.27 8.01 8.82 9.73 10,75
Attained
Female Lives
Age
Male Lives
0.36 0.41.) 0.44 0.47 0.49
6(} . . . . . . . 61 ....... 62 ....... 63 .......
11,89 13.17 14.57
16.07
17.71
0.51 0.52 0.53 0,53 0.53
65 ....... 66.. 67 ....... 68. 69 .
19,50 21.47 23.65 26.05 2 8 . 6 t)
0.53 0.53 O.53
0.53
0.54
7O
!
71
!
72 .......
73 .....
74 .......
31.57 34.68
38.(X~
41.60 45.54
0.55 0.58 0.61 0.65 070
75 ....... 76 ....... 77 ...... 78 ....... 79 .......
49.90 54.71 60.1.)3 65.85 72.18
0.77 0.84 0.93
1.03
1.15
80 ....... 81 . . . . . . . 82 ....... 83 ....... 84 .......
79.02 86.36 94, 12 102.35 111.41
1.29 1,45
1.62
1.79 1.96
85 ....... 86 ........ 87 ........ 88 ....... 89 .......
121,31 132.05 143.63 156.05 169.12
2.14 2.33 2.52 2.72 2.93
90 . . . . . . .
91 . . . . . . . 92 ....... 93 ....... 94 .......
182.61 196.52 210.85 225.60 240.77
3.17 3.43 3.71 4.04 4.40
95 ....... 96 ....... 97 ....... 98 ....... 99 .......
256.36 272.37 288.80 305.65 322.92
4.80 5.23 5.71.) 6.22 6.78
1(R) . . . . . . .
340.61
Female Lives
7.37 8.o/) 8,67 9.38 10.15
10.99 11,91 12,92 14x)3
15.25
J6,63 18.21
20.04
22.17 24.65
27.53 30.86 34.69 39.1.}7 44.00
49.48 55.51 62.09 69.22 76.90
85,13 93.91 1{)3.24 113.12 123.55
134.53
146.06
158.14 170.77 183.95
197.68 211.96 226,79 242, 17 258.10
274.58
58
1975-80 BASIC TABLES
59
INTRODUCTION
The 1975-80 Basic Tables were prepared by the Committee on Ordinary Insurance and Annuities for the purpose of making mortality comparisons under Standard Ordinary insurance issues. Basic age nearest birthday tables previously were published for 1955-60 and 1965-70 in TSA, 1962 Reports, pages 44-58 and TSA, 1973 Reports, pages 199-223, respectively.
In recent years, intercompany mortality has been, in the aggregate, approximately 76 percent of that represented by the 1965-70 tables. Because of this improvement in mortality experience, the Committee decided to construct a new set of basic tables, to be called the 1975-80 Basic Tables.
Four tables of age nearest birthday rates have been constructed. The select tables show mortality rates for issue age groups 0, 1, 2-4, 5-9, 10-14, through 70 and over, for male and female lives separately, for each of the first fifteen policy years separately. The ultimate tables show mortality rates at each attained age from 15 through 100 for male and female lives separately.
The new tables are based on the combined intercompany experience on Standard Ordinary issues between 1975 and 1980 policy anniversaries as published in the TSA Reports 1977 through 1981. The number of companies contributing to this experience varied between nineteen and twenty-one.
No tables were constructed for combined male and female experience. There are significant differences between the male and female mortality rates, and it was felt that potential users of combined tables would prefer to choose their own mix of male and female lives.
In constructing the 1965-70 Select Basic Tables, experience from only medically examined business was used. Medical examinations at the younger ages are often obtained because of a questionable or borderline impairment. Therefore, in the current experience it was found that many of the cells at the younger ages showed poorer experience on medically examined issues than on nonmedical issues. Because of this and also because most new business on younger lives is written on other than a medical basis, intercompany experience for all issues, medical, paramedical and nonmedical, was used for both the select and the ultimate tables.
The new tables have been constructed to facilitate the analysis by the committee of intercompany mortality and to provide companies with a more up-to-date basis for making mortality comparisons. The tables should be recognized as a composite of the experience of a number of life insurance companies with varying underwriting standards and marketing characteristics. In addition, a given company's underwriting standards and marketing characteristics may have changed over the many years of issue included in the data.
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