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 is a letter to Kathleen Sebelius, Secretary of the U.S. Department of Health and Human Services [HHS] from the SOA and AAA. The letter asks that the law prohibiting use of genetic information in underwriting not be extended to Long-Term Care Insurance as has been proposed by HHS.

Description: 1999 Valuation Actuary Symposium, Los Angeles. The panelists discussed the RBC formula treatment for health products for the life and the health organizations and the managed care organizations. They also covered what the health terms look like in the casualty RBC formula.

Description: Panelists at this session of the SOA 2003 Vancouver Spring Meeting discuss Long Term Care Insurance pricing including the appropriate assumptions for claim costs, mortality, interest, lapse rates and required surplus, plus regulatory issues and the ability to obtain and implement rate increases.

Description: The article offers a more nuanced approach to caregiving as the population ages, suggesting our current focus on planning leaves out most people. Instead find solutions for non-planners!

Description: Industry representatives address the market need for and acceptance of life and long-term care LTC combination products and the issues for carriers to consider regarding developing, marketing, and distributing this emerging product. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 13PD of the New Orleans Annual Meeting.

Description: In this session on the topic of health insurance valuation issues, the topics covered included Sarbanes-Oxley considerations, internal replacement Standards of Practice, self-funded plans, and long-term-care insurance developments. From a session at the Health/Pension Spring Meeting held in New Orleans, Louisiana June 15-17, 2005.

Description: This paper describes a concept product, advanced-life delayed annuity ALDA, which would be acquired at a young age small premiums would be paid over a ling period of time but the ALDA would only begin paying an inflation-adjusted life-contingent income at the advanced age of 80, 85, or even 90.

Description: Panelists discuss how product design, premium-rate development, and marketing methods are being used to win the allegiance of an aging U.S. senior market to a carrier's brand. They talk specifically about the Medicare Supplement market, the long-term-care [LTC] market, and travel-cancellation insurance. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 135PD of the Boston Annual Meeting.

Description: A summary of the recent SOA Product Development Section webinar, Challenging the Status Quo: Emerging LTC Product Designs. Summarizes discussions on how the LTC industry can overcome existing hurdles and evolve to meet consumer needs.