Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

III.E28.—Lump-Sum Death Benefits
(Calendar years 1980-2014)
[Numbers in thousands, amounts in millions]
Year
Insured population
Insured deaths
Lump-sum deaths
Average benefit
Total amount
Ratio to insured deaths
Number
1980
137,404.6
1,490.2
1.0419
1,552.6
$254.00
$394.4
1981
140,475.0
1,491.0
.8754
1,305.3
254.72
332.5
1982
142,951.4
1,487.9
.5357
797.1
255.00
203.3
1983
144,830.9
1,538.1
.5237
805.5
255.00
205.4
1984
146,601.0
1,567.5
.5292
829.5
255.00
211.5
1985
148,334.6
1,605.4
.5117
821.5
252.53
207.5
1986
150,954.9
1,630.7
.4926
803.3
252.63
202.9
1987
153,331.6
1,649.1
.4876
804.2
252.53
203.1
1988
155,751.8
1,700.2
.4845
823.8
252.63
208.1
1989
158,344.4
1,691.3
.4836
817.9
252.44
206.5
1990
161,502.8
1,705.8
.4775
814.6
252.37
205.6
1991
163,959.4
1,720.7
.4652
800.5
252.33
202.0
1992
165,826.9
1,739.5
.4687
815.4
252.04
205.5
1993
167,447.6
1,820.5
.4687
853.2
251.37
214.5
1994
169,254.0
1,837.8
.4767
876.1
251.15
220.0
1995
170,884.7
1,869.1
.4683
875.4
249.57
218.5
1996
173,203.1
1,879.3
.4648
873.5
249.04
217.5
1997
175,401.7
1,884.1
.4608
868.3
248.50
215.8
1998
177,863.4
1,907.8
.4595
876.6
248.32
217.7
1999
180,379.7
1,955.1
.4442
868.5
248.58
215.9
2000
182,921.4
1,970.8
.4378
862.8
248.16
214.1
2001
185,453.8
1,998.1
.4248
848.9
249.63
211.9
2002
187,749.4
2,038.0
.4220
860.0
247.17
212.6
2003
189,610.8
2,068.3
.4045
836.6
246.26
206.0
2004
191,517.7
2,105.0
.3903
821.5
249.72
205.1
2005
193,698.8
2,142.1
.3861
827.0
248.19
205.3
2006
195,834.5
2,167.7
.3818
827.6
248.19
205.4
2007
197,963.7
2,193.1
.3773
827.5
248.19
205.4
2008
200,115.5
2,218.3
.3728
827.0
248.19
205.3
2009
202,325.6
2,244.4
.3682
826.4
248.19
205.1
2010
204,586.3
2,271.4
.3636
825.8
248.19
205.0
2011
206,824.6
2,299.2
.3589
825.2
248.19
204.8
2012
209,058.3
2,327.5
.3542
824.5
248.19
204.6
2013
211,353.5
2,357.8
.3496
824.2
248.19
204.5
2014
213,643.3
2,389.5
.3449
824.1
248.19
204.5

Sources:

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.


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