Description: Product complexity, the services provided by distributors, their method of obtaining clients, and their relationship to insurers all affect the characteristics of in force membership. Selecting the distribution channel(s) for a product can have a significant effect on overall profitability. Total sales, acquisition costs, anti-selection/quality of business, persistency, control over market targeting, etc., will vary based on the initial strategy decisions and future adjustments. Gaining a high-level understanding of distribution channels will help develop an appreciation for the importance of these decisions.

Description: Read the November 2020 issue of Long-Term Care News published by the Long-Term Care Insurance Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This presentation is a panel discussion, session 107PD, from the 2004 Spring Meeting of the Society of Actuaries, held May 19-21 in Anaheim, CA. Research results from the National Long-Term Care Survey and other surveys of the general elderly population indicate that age-specific morbidity [functional disability] prevalence rates have dropped significantly since 1982. The panelists quantify the nature of the temporal trends in disease morbidity and functional disability, noting that what is really new in this session is looking at the joint impact of changes in disability and mortality. They illustrate the potential impact of these temporal trends on long-term care insurance LTCI pricing and valuation, and provide some guidance as to how this material can be used by LTCI actuaries. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 1.

Description: This session discusses items being promoted by the administration, other politicians, and others interested in the outcome of health care reform. Included is the possible effect on private LTC insurers, LTC taxation, and reporting requirements. From Record of Society of Actuaries Vol. 20, No. 3A.

Description: This article explores the possibility of using innovations from the financial markets to reduce some portion of the LTC risk and thus encourage the growth of the product.

Description: Long Term Care Insurance Reserves and Reinsurance Balancing between statutory and GAAP requiements. From Long-Term Care Newsletter, August 2001, Issue No. 5.

Description: A discussion of a gathering in Las Vegas of more than 500 insurance agents who discussed various answers to the question: Will there still be a long-term care insurance (LTCi) industry going forward?

Description: In this session, morbidity and life expectancy trends are discussed. In addition, a case study in R on how to model the uncertainty associated with incidence of disability, disabled and active deaths and other terminations is presented.

Description: This fact sheet provides an overview of the Long-Term Care and Middle Market report.

Description: Recommendation to measure the risk for the components of combination Life/LTC products.