Apr 23, 2015 · The VBT Team has completed their work on the 2015 Valuation Basic Tables and associated Relative Risk (RR) Tables. These include male / female, smoker / nonsmoker and age-nearest birthday (ANB) / age-last birthday (ALB).

2015 Valuation Basic Table (VBT) Smoker Distinct Table - Male, Smoker, Age Last Birthday. Minimum Age: 18. Maximum Age: 95. Study Data: The 2015 VBT was developed based on the mortality experience from the SOA Individual Life Experience Committee studies from the 2002-2009 study period.

The 2015 VBT consists of the Primary Table (Male, Female, Smoker, Nonsmoker, and Composite), 10 Relative Risk (RR) tables for nonsmokers (male and female), and 4 RR tables for smokers (male and female).

Feb 16, 2009 · Links to the 2008 valutaion basic table [VBT] report and tables and appendices. This is also a link to the Joint Preferred Mortality Project - Interim 2007 Report, which outlines the work of 8 different teams whose work led to the 2008 VBT.

Learn about principle-based reserving data and tables from the NAIC website. Find current and archived information on valuation manual, economic scenarios and more.

VBT and CSO prospective tables – consider expected experience for issues 2014 and later informed from underlying historical experience versus purely a historical or retrospective table

The industry mortality table is currently based on the 2015 VBT and corresponding RR Tables, advanced forward to the valuation date using prescribed mortality improvement factors published by the Society of Actuaries (SOA).

For durations 1 through 25, the expected basis is the 2001 VBT Sex Distinct, Smoker Distinct Tables; for durations 26 and later, the expected basis is the composite 2001 VBT.

As part of the work done by the American Academy of Actuaries’1 Life Experience Committee and the Society of Actuaries2’ Preferred Mortality Oversight Group Valuation Basic Table Team (“Joint Committee”) that developed the 2015 Valuation Basic Table (VBT), the Mortality Improvement subgroup was tasked with reviewing recent mortality ...

The VBT tables are the mortality tables that represent actual life insurance experience at a particular point in time. They are the base to which margins are added to create the valuation tables known as the Commissioners Standard Ordinary or CSO tables.