Description: For a long time the primary focus of private LTC insurance companies has been to educate the public about the need for private LTC insurance and to make the product more acceptable to a wider population. To this end there have been numerous changes to the product design to make this product more acceptable to general population. However, one of the things that may have been overlooked in those product design changes is the need for alignment of policyholder and insurance company’s interests, which is to make coverage more affordable and to reduce adverse selection. Incentivizing good behavior from policyholders can not only make LTC insurance policies less expensive but also help policyholders make better health choices, which can help them stay healthy for a longer time. These incentives may also reduce some of the inherent risks in a long term care policy and may help in increasing the sales of private LTC insurance.

Description: This article discusses what options exist for people who don’t pass underwriting for long-term care (LTC) insurance.

Description: The SOA Committee on Post-Retirement Needs and Risks, working closely with the SOA Long Term Care Section, issued a call for papers in 2013: “Managing the Impact of Long-Term Care Needs and Expense on Retirement Security: A Holistic and Multi-Generational View.” The papers that were chosen were highlighted at the 2014 Annual Meeting and will be published as a monograph, both available on the SOA website. These papers add to the section’s and others’ ongoing discussions about the future of the long term care system including the “Land This Plane” project. Some of the items of greatest focus are integration with retirement security, impact on the caregiver and family, and integration with housing as well as offering an array of possible pubic policy reform.

Description: Report on meetings sessions in each of 5 tracks for Long Term Care professionals: Actuarial, Compliance, Operations, Policy and Provers, and Group.

Description: Smaller Insurance Companies and Long-Term Care Insurance by Tony Proulx from Long-Term Care Newsletter, April 2004, Issue No. 11.

Description: The current design of group Long-Term Care LTC products does not optimally serve employers and employees, which is limiting growth in the employer market. Current employer LTC products fail to deliver in one very important way: too few employees participate in the coverage.

Description: December 2009 issue of the Long-Term Care Insurance Section newsletter

Description: Full Issue 24 of Long-term Care Newsletter for Jun 2013.

Description: Insolvency Due to Long Term Care resulting from deficiencies in underwriting, contract language and claim processing. From Long-Term Care Newsletter, August 2001, Issue No. 5.

Description: The article describes a project between French actuaries and US actuaries. The intent is to study each country practices and identify areas of research and possible reporting to the membership.