COVID-19 Impact on Long-Term Care Insurance 2021 Survey

Authors

Mike Bergerson, FSA, MAAA

Andrew Dalton, FSA, MAAA

Andrew Duxbury, ASA, MAAA

Robert Eaton, FSA, MAAA

James Stoltzfus, FSA, MAAA

Description

This survey on the impact of COVID-19 on long-term care (LTC) insurance mortality, voluntary lapse, and morbidity experience studied the emerging impact of COVID-19 for the period from April 1, 2020, through March 31, 2021. The survey was conducted from August through September of 2021.

Report

COVID-19 Impact on Long-Term Care Insurance 2021 Survey

Acknowledgments

The SOA Research Institute would like to thank the Senior Health Care Oversight Trust for its financial support of this project.

The authors would like to thank the SOA Research Institute for giving us this opportunity to complete this survey. We would also like to thank the volunteer reviewers and others for their diligent work overseeing questionnaire development, analyzing and discussing respondent answers, and reviewing and editing this report for accuracy and relevance. Finally, we would like to thank the companies that participated in the survey effort for, without their responses, this survey would truly not have been possible.

Volunteer reviewers:

Rhonda Kay Ahrens, FSA, MAAA

Paul F. Colasanto, ASA, MAAA

John Cutler

Kristy Dreyer

James M. Glickman, FSA, MAAA

Jan Graeber, ASA, MAAA

John Patrick Kinney III, FSA, MAAA

Barry M. Koklefsky, FSA, MAAA

Michael Jordan Krohn, FSA, CERA, MAAA

Sally Leimbach

Roger Loomis, FSA, MAAA

Nilesh Mehta, FSA, MAAA

Matthew Scott Parent, FSA, MAAA

Stephen Serfass

Maureen Ann Shaughnessy, FSA, MAAA

Nicholas M. Sheahon, ASA, MAAA

Eileen Tell

Brian D. Ulery, FSA, MAAA

Sisi Wu, FSA, MAAA

At the Society of Actuaries:

Korrel Crawford

Cindy MacDonald, FSA, MAAA

Pete Miller, ASA, MAAA

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