Duration-graded per finlib/insurance_reference.py: 5%/4%/3.5%/3%/2.5%/2%/1.8%/1.5%/1.3%/1.2% then 1% to duration 30
| source | SOA US Individual Life Persistency Update; FinView insurance_reference.py |
| derivation | data_calibrated |
| quality | calibrated |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Term-life base curve; lower year-1 than UL because no shock-lapse at policy-anniversary.