Description: This article provides a high-level overview of the 2016 Intercompany Long-Term Care Insurance (ILTCI) Conference. The article contains a summary of all conference activities, including various networking and educational opportunities. The main objective of the conference is to provide an information sharing and collaborative environment for insurance professionals, regulatory authorities, insurance educational institutes, actuaries and other special groups with an interest in long-term care (LTC) insurance.

Description: Read the August 2016 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Long-term-care LTC insurance presents a huge opportunity for insurers. If fully exploited, the field lends itself to policies with relatively large premiums that need to be accumulated over a lifetime in statutory reserves, requiring fiduciary investment management as well as insurance services. The need to accumulate large reserves to prefund a risk largely concentrated at the end of the life span gives this product most of the desirable characteristics of the level premium life insurance policies that were the staple of the insurance business for many decades.

Description: Article discusses the failure of the CLASS Act, and examines the use of the LTCI Partnership Program, to meet the needs of middle-market consumers.

Description: Read the August 2016 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Panelists discuss emerging valuation-actuary-related issues, including: [1] for long-term-care insurance [LTCI], reserves, risk-based capital [RBC], and new experience forms, [2] for Medicare Part D, several potential future changes, and [3] for health insurance in general, the new Statement of Standard Accounting Practice 85 [SSAP 85] and existing SSAP 84, and current activities of the International Accounting Standards Board [IASB] regarding a definition of 'insurance.' Session 27PD of the 2005 Valuation Actuary Symposium.

Description: Read the December 2018 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This presentation is an open forum from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The panelists discuss long-term care insurance from various viewpoints, including the consumer’s desires, needs, knowledge, and interests, intermediaries' role in defining benefits, cost of benefits such as inflation protection and nonforfeiture, financial ability to purchase, buying attitudes of the public for coverage, and trade-offs between price and features. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 3B.

Description: Panelists at this session of the SOA 2003 Vancouver Spring Meeting discuss Long Term Care Insurance pricing including the appropriate assumptions for claim costs, mortality, interest, lapse rates and required surplus, plus regulatory issues and the ability to obtain and implement rate increases.

Description: In spite of the growing need for long-term care financing, recent sales are stagnant and the number of insurance companies offering long-term care insurance is dwindling. This article examines some of the shortcomings of today’s product and suggests a different approach.