Caveats for Use of Long Term Care Experience Basic Tables
In April 2015, the Society of Actuaries released a new Long Term Care Experience Basic Table (later revised in July 2015) and report. Following the release of the Experience Table and the accompanying written report, questions and comments were provided to the Society of Actuaries and/or authors regarding their usage. The authors of the report have put together the following memorandum to reinforce certain key caveats that were contained in the report.