Description: Today, a plethora of tools and approaches exist to develop lifetime projections of long-term care (LTC) business. Within these tools lie two distinct approaches to project mortality; namely, by using assumptions that are applied: (1) to an all-lives exposure base, or (2) separately for disabled- versus active-lives exposure bases. Using disabled versus active mortality allows for more granular modeling of the two different cohorts that exhibit dramatically different mortality. And so, when using an all-lives mortality assumption, is the projection missing important details about the appropriate mortality level? This article seeks to not only answer this question, but also answer how a “traditional” all-lives mortality assumption can be impacted when you introduce a combination of the two modeling techniques into the development of a mortality assumption. To answer these questions, we examined the experience and results developed from one c ompany as an illustrative case study.

Description: This session explores the issues raised and logistical problems encountered in setting risk-based capital RBC factors for various health products. Also discussed is the development of surplus requriements for disability income products. From the Record of the Society of Actuaries, Volume 27, No. 1, Session 95

Description: This paper examines the risk associated with long-term care, as well as a variety of insurance-based vehicles that can assist consumers in protecting them from this risk.

Description: Presented at June 2002 Spring Meeting. Discusses the types of combination products currently on the market, as well as the challenges and opportunities involved in designing new types of combination products.

Description: Runoff LTC blocks present a wide range of business risks. Outsourcing certain tasks to third parties can help mitigate these risks.

Description: Panelists discuss the various styles of underwriting being used in both the individual and the group long-term-care markets. From the Record of the Society of Actuaries, Vol. 25, No. 2.

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

Description: Panelists discuss the pros and cons of using a care manager in order to receive either benefits or enhanced benefits in long term care plans. From the Record of the Society of Actuaries, Vol. 24, No. 2.

Description: Panelists discuss the results of the SOA's Intercompany Experience Study dealing with long-term-care insurance. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: This article is the first installment of a three-part series and is focused on providing an overview of LTC modeling approaches and considerations.