In this paper we discuss the q-forward, a basic financial instrument for securitization of longevity risk and its pricing. Doing this, we follow the approach of Barrieu & Veraart (2016). We review the following three actuarial methods to determine the fair value: The net premium principle, the standard deviation principle and the principle of zero utility. Furthermore, we focus on the Lee-Carter model and the Cairns-Blake-Dowd model , which we use for modelling mortality. We conduct an empirical study on mortality data from Austria as well as England and Wales and explain the different results. Specifically, we run a simulation written in the programming language R, where the used code can be found in the appendix.