Log in / My SOA

2024-2026 Deferred Annuity Contract Owner Experience Study Data Request

The Society of Actuaries (SOA) Research Institute’s Individual Annuity Experience Committee (IAEC) and LIMRA are soliciting surrender/lapse, withdrawal, living benefit utilization, annuitization, and premium deposit experience for fixed rate deferred annuities (FRD), fixed indexed annuities (FIA), and traditional variable annuities (VA) both with and without a guaranteed living benefit for calendar years 2024 through September 30, 2026.  

The SOA Research Institute and LIMRA are partnering together to complete industry experience studies. Under this partnership, the SOA Research Institute’s IAEC and LIMRA plan to complete an update to the Individual Deferred Annuity Owner Behavior Experience Studies previously completed in 2025, which covered experience for calendar years 2023-2024 for fixed rate annuities, contract year 2023 for FIA, and calendar years 2022-2024 for VA.  

Data collection and reporting will include the following types of annuity product designs for business in the US (50 states, Washington DC, and territories):

  1. FRD contracts either with or without guaranteed living benefit (GLB).
  2. FIA contracts either with or without a guaranteed living benefit (GLB).
  3. Traditional VA contracts either with or without a guaranteed living benefit (GLB).

The following contract owner experience will be examined:

  • Utilization of guaranteed living benefits
  • Partial withdrawal activity
  • Surrender activity
  • Rates of contract annuitization
  • Additional premium deposit activity

If there is sufficient data, we will also examine contract owner experience as it relates to manual step-ups.

Please see attached documents for instructions on data submission and format. The experience data is due to LIMRA by October 31, 2026.

The following may be included in the Standard Data Package made available for purchase:

  • detailed experience study report with analysis and commentary;
  • data visualization dashboard(s) with the ability to filter on and drill down into the detail of the results of the study;
  • dataset(s) containing the aggregated experience collected for the purpose of this study. The datasets may be made available in excel files, text files or downloads from the data visualization tool;
  • models or other tools developed to support the analyses completed in the study; and
  • other outputs as determined by the SOA Research Institute and LIMRA.

For more information, please refer to the attached data submission instructions and feel free to contact us with any questions.

Materials

2024-2026 Deferred Annuity Contract Owner Experience Study Data Request

Questions Or Comments?

If you have any questions, please contact StudyPro@soa.org