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Rating factor model

\ˈreɪtɪŋ\ \ˈfæktər\ \ˈmɑdəl\

A particular type of baseline model which uses rating factors to reflect different longevity experience for people with different characteristics.

Some common rating factors in use for longevity models are geographical location, affluence, lifestyle and blue/white collar worker. Club Vita has published papers on the level of predictability of different rating factors that are available in administration records for pension plans in the UK and Canada.

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