Description: What you need to know about risk scores to be competitive in the Medicare Advantage market.

Description: The subject of this paper is a financial model for pension planning purposes. The focus of the model is from an individual's point of view with the idea to assist him/her in planning for a financially secure retirement income. The model is dynamic and stochastic, operates in nominal and real terms, and goes beyond the age of retirement. From Actuarial Research Clearing House 1981, Vol. 1.

Description: The author discusses what influences the general insurance market.

Description: Can immigration in Europe actually help to mitigate the looming pension crisis.

Description: Panelists discuss the development of actuarial rating models for defined contribution DC health plans. Topics include building appropriate models for these plans, determining assumptions for the models and monitoring actual experience versus expected model results. From the Record of the Society of Actuaries, Volume 29, No. 2, Session 83

Description: The Congressional Budget Office reports that out-of-pocket expenses accounted for 19 percent of the total long-term care LTC expenses in the United States in 2006, and private LTC insurance accounted for only 8 percent of these expenses, which shows that Americans are underinsured for LTC expenses. While it is true that public programs like Medicaid and Medicare cover much of the nation’s LTC expenses 68 percent of the total LTC expenses in the United States in 2006, eligibility for these programs comes at a great cost to the individual.

Description: The Life Insurance industry is undergoing significant change and the Product Development Section provides our members with tools to help navigate this change.

Description: Full issue

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 provides insight on how the worksite LTC market has evolved, and how new concepts like "Financial Wellness" are serving as a catalyst to engage employees in LTC Planning during their working years.