Description: The "Think Tank on Steroids" group at the DI and LTC Insurers’ Forum brainstormed about what the United States should do in order to deal with the impending Long-Term Care problem in the United States. The group’s ideal plan for dealing with Long Term Care can be thought of as a three-legged stool. The legs are private savings and assets (including tax-advantaged LTC savings accounts), Long-Term Care Insurance (including smaller, more affordable products), and support from the family. The Medicaid system ought to be reformed so that it is only available to people who have exhausted all other options. The ongoing Think Tank will continue this conversation and publish a white paper detailing the Think Tank’s solution to the problem.

Description: This article summarizes the presentations by the Society of Actuaries and the Academy of Actuaries at the January 2015 National Academy of Social Insurance (NASI) Roundtables in Washington DC. SOA presented on the 2014 SOA monograph series "The Link between Retirement Security and Long-Term Care."

Description: A bipartisan Maryland effort created a PUBLIC/PRIVATE Governor's Task Force to develop recommendations to educate residents regarding LTC risk and planning.

Description: Combo long-term care insurance products provide a viable option for the insurance industry to offer a sufficient range and supply of private long-term care financing solutions.

Description: Diverse Risks 2016 Call for Essays

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

Description: LTCI: Using Modified Natural Reserves as opposed to NAIC valuation reserves to accumulate margins for moderately adverse experience or to analyze experience as it develops.

Description: veteran insurance producer, who specializes in LTC planning and insurance, discusses a range of issues from his perspective, as well as HNW clients, their financial advisers and a prominent actuary. The author describes his approach to solution development using the products currently available. He also provides excerpts of his conversation with Doug Burkle, ASA, MAAA regarding industry trends.

Description: Discussion of LTC insurance product developments being spurred by recent demographic and regulatory trends, especially combination products such as LTC benefits with disability income, annuities, and life insurance. Several viable product styles are considered, along with the pros and cons of each.

Description: The panel demonstrates a technique that can help set confidence intervals regarding future rate increases used to satisfy the NAIC rate stabilization model. Specific topics include creating a stochastic model, deciding which variables are deterministic vs. stochastic, developing probability distributions for the stochastic variables, running the model and evaluating the reasonableness of results. From the Record of the Society of Actuaries, Volume 30, No. 1, Session 21