Description: Critical illness insurance is a popular supplemental health insurance product in the U.S. market. This article discusses how carriers have recently sought to add value by expanded the benefits offered in their critical illness products. Specifically, the article discusses the consumer need and development considerations of adding benefits for autism Spectrum Disorder, Mental health disorders, Specified Disease Coverage, and enhance Cancer Coverage to a critical illness contract.

Description: Feature article with helpful hints on video conferencing and more!

Description: Discussion of recent developments in the taxation of noncoordinated benefits such as fixed indemnity, hospital indemnity, and specified disease insurance policies. Developments include a recent Chief Counsel Advice Memorandum and proposed triagency rulemaking that would impact non coordinated benefits.

Description: This article provides an overview of critical illness insurance: history, product description, and the three primary ways to offer critical illness coverage in the United States. This article also contains an illustration of an issue age premium rate calculation, as well as product features and rating applications specific to the various types of critical illness coverage.

Description: This article announces the following reports on AIDS available from The Canadian Institute of Actuaries: 1. Memorandum covering AIDS from the Chairman of the Committee on Life Insurance Company Financial Reporting, 2. 1988 Guidance Notes for Valuation Actuaries, Report of the Subcommittee on Valuation, Task Force on AIDS, 3. First Report of the Subcommittee on Modeling, Task Force on AIDS, and 4. Second Report of the Subcommittee on Modeling, Task Force on AIDS, An Analysis of USA Data.

Description: In an effort to build a bridge between epidemiological and actuarial modeling, this paper analyzes possible financial arrangements made against expenses resulted from medical treatments given to insured patients. Based on classical compartment models, the first part of this paper designs insurance policies for susceptible participants facing the risk of infection and formulates the financial obligations of both parties using actuarial methodology. For practical purposes, the second part employs a variety of numerical methods for calculating premiums and reserves. The last part illustrates the methods by designing insurance products for the Great Plague in Eyam and the SARS Epidemic in Hong Kong.

Description: This article discusses the design and pricing of Critical Illness insurance policies.

Description: This article addresses the growing need for critical illness insurance in the U.S. and the opportunities for insurance companies in this market. The article discusses product design both as stand-alone health insurance and accelerated benefits on life insurance policies, managing the risk through contract wording, and underwriting.

Description: Panel explores new disability products offered by writers of individual disability insurance and the ways in which these products connect with other types of insurance. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Panel discussion addresses recent developments in group long-term disability product design. From the Record of the Society of Actuaries, Vol. 25, No. 2.