Description: Review of LTC section council activities

Description: In this article, we describe new approaches to long-term care financing that rely on home equity release and we address several of the challenges mentioned above. While these approaches stand to help expand the potential for long-term care financing to middle-class Americans, even these approaches don’t address a large swath of the U.S. with less privilege, who have little or no home equity. We will discuss the product design, marketing, pricing and risk management of these new approaches and potential behavioral factors that should be considered. The article builds on a growing body of academic research to which the authors have actively contributed. We want to share the key insights of this international work in market research, economics, and actuarial studies to stimulate more research in this area.

Description: Regular article in each edition that describes the summarizes the edition and articles included.

Description: Review of LTC Industry.

Description: Chairperson's update on the Long-Term Care Insurance Section with a focus on the progress made since the Think Tank meeting held in October and the addition of Rhonda Ahrens to coordinate outreach to regulatory members.

Description: Review of LTC Industry

Description: NAIC Activities by William C. Weller from Long Term Care Newsletter, April 2000, Issue No. 2.

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: Chairperson's update on the Long-Term Care Insurance Section .

Description: Recaps the highlights of last 12 months of activity and accomplishments by the LTC Section Council.