Indexed universal life persistency risks abound: Don’t repeat the misestimations of the past!

June 26, 2024 by Nik Gordon

In 2023, I co-wrote an article on underperformance of indexed universal life (IUL) blocks. One of the potential drivers of that underperformance was policyholder behavior. Throughout the course of time, actuaries have learned many hard lessons about misestimating policyholder behavior and the efficiency of policyholders. In this article, I expand on the potential areas of policyholder behavior risk in IUL products and where actuaries should pay particular attention to the lessons of the past.

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Originally Posted at WTW on June 21, 2024 by Nik Gordon.