11
SAMPLE DESCRIPTION
Of the 22 companies participating in the study, 20 companies provided whole life data, 22 provided
term data, 12 provided universal life data, and six submitted variable universal life data. Tables 1 and
2 below show the number of exposure records and the associated face amount in force for each
product in the study sample. Some participants did not submit in force for all affiliated companies, all
product lines and observation years.
Table 1
Study Sample — Number of Policies
Issue year
Whole life
(20 cos.)
Term life
(22 cos.)
Universal life
(12 cos.)
Variable
universal life
(6 cos.)
Total
2001–2002 325,925 599,197 128,110 27,100 1,080,332
2000 604,479 738,210 115,910 26,041 1,484,640
1999 675,866 1,015,573 106,967 25,353 1,823,759
1998 678,666 892,267 93,594 32,916 1,697,443
1997 734,194 796,920 103,730 33,508 1,668,352
1994–1996 2,562,210 1,580,264 239,370 103,166 4,485,010
1989–1993 5,881,863 1,277,018 421,633 138,335 7,718,849
Pre 1989 35,911,304 1,515,596 870,354 79,071 38,376,325
Total 47,374,507 8,415,045 2,079,668 465,490 58,334,710
Table 2
Study Sample — Face Amount
In Millions
Issue year
Whole life
(20 cos.)
Term Life
(22 cos.)
Universal life
(12 cos.)
Variable
universal life
(6 cos.)
Total
2001–2002 31,640 207,102 42,052 12,226 293,020
2000 48,411 236,043 39,026 12,834 336,314
1999 54,585 224,375 35,325 9,302 323,587
1998 56,585 193,291 30,480 9,235 289,591
1997 64,890 162,262 25,644 8,237 261,033
1994–1996 208,075 314,462 46,989 18,918 588,444
1989–1993 442,773 235,133 56,466 18,945 753,317
Pre 1989 535,140 109,299 90,925 8,354 743,718
Total 1,442,099 1,681,967 366,907 98,051 3,589,024