Description: From past to present, this article discusses what has happened in rate increase litigation, and how we got to where we are now. The article also discusses a possible "future" wave of rate increase litigation for insurers and counsel to be aware of as they move forward with rate increases in the future.

Description: The chairperson discusses the aspects of the private long-term care insurance market and asks readers to identify areas needing change, e.g., regulation, pricing and marketing.

Description: Table constructed from lifetime long-term care cost studies conducted by P.J. Eric Stallard, ASA, FCA, MAAA, Center for Demographic Studies, Duke University.

Description: A discuss of notice and consent requirements for employer-owned life insurance policies and the IRS rules again on an annuity-LTC combination product.

Description: Insurance covering long-term care insurance is an insurance market with unmet needs. Long tailed liabilities and historical pricing challenges have left relatively few carriers selling into the market. Hybrid products, combining LTC benefits with familiar chassis offer an opportunity to merge and mitigate morbidity risks with conventional product risk life insurers already manage. Combination products have a long market history, but continue to evolve. Key recent developments to be discussed include: - Market participating (indexed or variable) products to replace flat inflation guarantees - Worksite/group markets with portable products to augment and shield retirement savings against catastrophic LTC events. - Renewed focus on joint products with appropriate features to balance risk and LTC benefits per premium dollar. Public and private cooperation to manage the risk pool and extend public funding to cover key coverage gaps. By attending the session, you will: - Be caught up with current trends in Life/LTC and Annuity/LTC product innovation. - Will hear where product experts think existing products can be improved, and possible ways to meet the needs of all stakeholders.

Description: Ideas to improve claim practices, thereby improving public perception of the LTCI industry.

Description: Mortality Model Selection and Combination in RAlternative approaches for selecting mortality models and forecasting mortality have been proposed. The usual practice is to base mortality forecasts on a single mortality model selected using in-sample goodness-of-fit measures. However, cross-validation and other alternative out-of-sample measures are increasingly being used in model selection, and model combination methods are becoming a common alternative to using a single mortality model. Such methods combine predictions from multiple mortality models to reduce model choice uncertainty and improve forecast accuracy. Explore techniques to select and combine mortality models using the freely available open source R package CoMoMo (https://github.com/kessysalvatory/CoMoMo), which extends the widely used R package StMoMo (https://CRAN.R-project.org/package=StMoMo). We will use data for the USA and other countries to discuss and demonstrate four different model combination approaches including simple model averaging, Bayesian model averaging, model confidence set, and stacked regression ensembles.

Description: Abstract for “Home Equity and At-Need Annuities—A Dynamic Long-Term Care Funding Duo.” This paper describes the prevalence of the still uninsured long-term care financial risk, and how the at-need annuity/home equity combination can address long term care needs.

Description: How does spousal contagion influence long-term care needs? This article provides high-level results of spousal claim analysis and discusses potential implications to the LTC insurance market.

Description: The National Academy of Social Insurance (the Academy) recently released a comprehensive study on models for states interested in pursuing social insurance initiatives for LTSS, paid leave and child care reform. The report explores strategies that states could pursue to better support families in meeting evolving care needs over the lifespan. Actuarial projections for illustrative policy options are included. The presenters will report back the Academy study panel's findings, provide in-depth insights into Washington State's new long-term care social insurance program, and briefly report on other state activity in the LTSS and paid leave domains.