Wilton Re Sponsors Milliman Final Expense Study
October 25, 2011
Wilton Re has partnered with Milliman to conduct the most comprehensive mortality study of senior market products sold within the U.S. life insurance middle market. The Milliman Final Expense Study is based on final expense business issued within the United States by twenty insurance companies and covers mortality data for a ten-year period from 2000 through 2009. Wilton Re used its knowledge of the final expense market and feedback from its clients to help design the Milliman Final Expense Study. Wilton Re expects to use the results of the study to assist with addressing its clients most pressing issues and concerns in the final expense market.
One of the only completed studies of its kind, the Milliman Final Expense Study provides experience by products, including level, graded and modified, and contains in excess of 11 million policy years of exposure, over 322,000 deaths and over $63 billion of final expense policy exposure. The study also includes analysis of results by distribution approach, certain underwriting methods, and cause of death. This is a valuable study in an area of the industry that has received limited attention in terms of experience analyses and provides a more homogeneous review of the final expense market.
For more information, please contact Scott Sheefel at [email protected], or by phone at (203) 762-4448.