Long Term Care Intercompany Experience Study – Policy Terminations Aggregate Databases 2000-2011 Report

Experience Studies – Long–Term Care

LIMRA assisted the Society of Actuaries in a multi-phase project with an objective of creating a report of recent experience for long term care business in the United States utilizing data gathered by the SOA from twenty-two long term care carriers in the industry, representing approximately 75 percent of the lives inforce.

Data was submitted for the study period 2000-2011, and industry experience databases were produced for incidence, claim termination, and claim utilization experience by Towers Watson. Aggregate databases for policy termination experience including voluntary lapse, mortality, and total termination experience were developed by LIMRA and are detailed in the report. To view the report, see the PDF file under the Related Links section of this page. Also under Related Links are the Excel databases for voluntary lapse experience, mortality experience, and total termination experience.