Description: Overview of market research plan to test consumer interest in 2 new LTC finance options which emerged from the most recent Society of Actuaries' LTC Think Tank

Description: Proposes setting premiums such that inflation and age could change the premium over time, rather than prefunding. The value may be to change the approach to pricing LTC and improve the risk.

Description: veteran insurance producer, who specializes in LTC planning and insurance, discusses a range of issues from his perspective, as well as HNW clients, their financial advisers and a prominent actuary. The author describes his approach to solution development using the products currently available. He also provides excerpts of his conversation with Doug Burkle, ASA, MAAA regarding industry trends.

Description: Third article in a series on how to use predictive analytics to improve the development of long-term care projection assumptions.

Description: The author discusses health care practices in Japan and how the US could successfully adopt some of them.

Description: LTCI: Using Modified Natural Reserves as opposed to NAIC valuation reserves to accumulate margins for moderately adverse experience or to analyze experience as it develops.

Description: This article compares the pros and cons of two methods for projecting LTC utilization: an average utilization method and a distribution method.

Description: For a long time the primary focus of private LTC insurance companies has been to educate the public about the need for private LTC insurance and to make the product more acceptable to a wider population. To this end there have been numerous changes to the product design to make this product more acceptable to general population. However, one of the things that may have been overlooked in those product design changes is the need for alignment of policyholder and insurance company’s interests, which is to make coverage more affordable and to reduce adverse selection. Incentivizing good behavior from policyholders can not only make LTC insurance policies less expensive but also help policyholders make better health choices, which can help them stay healthy for a longer time. These incentives may also reduce some of the inherent risks in a long term care policy and may help in increasing the sales of private LTC insurance.

Description: Second article in a series on how to use predictive analytics to improve the development of long-term care projection assumptions.

Description: The author analyzes why LTCi is so risky, capital-intensive and unprofitable, and then makes the case that if we rethink the fundamental way a stand-alone LTCi should work, it can be transformed into a successful product.