Description Usage Format Source Examples
Lapse experience data associated with Society of Actuaries' Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans (2014).
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Data frame with columns
Lapse study year.
Duration.
Gender.
Issue year group.
Issue age group.
Face amount band.
Post level premium structure.
Premium jump ratio at the end of the level term.
Risk class.
Premium payment mode.
Exposure amount.
Exposure count.
Lapse amount.
Lapse count.
Policy year; derived as the starting year in 'lapse_study_year'.
Society of Actuaries, https://www.soa.org/experience-studies/2014/research-2014-post-level-shock/
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