Description: The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on Long-Term Care (LTC) insurance mortality, voluntary lapse, and morbidity experience. The results of this survey, which was conducted from November 2020 through January 2021, are presented in this report.

Description: This research report examines functional and cognitive trends among assisted living facility residents using a sample of long-term care policyholders who are making claims on their policies.

Description: This article discusses the pending Pension Protection Act and the opportunity it presents for products that combine LTC and Annuities.

Description: Long-term care policy buyouts have been discussed within the industry lately as an additional policyholder option alongside a premium rate increase. This article discusses potential advantages and disadvantages of long-term care policy buyouts from the perspective of insurance carriers, regulators, and policyholders. It also explores certain key actuarial considerations relating to long-term care policy buyouts including potential approaches to valuing a buyout, adverse selection, and reinsurance.

Description: Feature article discussing combination long-term care products.

Description: This article is a review of Howard E. Winklevoss and Alwyn V. Powell's Continuing Care Retirement Communities: An Empirical, Financial and Legal Analysis. The book discusses the actuarial aspects of a CCRC, especially the establishment of fee structures.

Description: This document is the third Intercompany Study of the Society of Actuaries Long Term Care Experience Committee. Previous reports were published January 1995 and February 2000. This report, as well as the previous two, has data gathered that dates back to 1984. Data has been combined and analyzed from eighteen organizations 21 insurers that provided information to further the knowledge of long term care insurance.

Description: Stakeholders in a specific state (Minnesota) were interviewed about the potential value -- and obstacles -- of a catastrophic backstop program to handle long term care (LTC) financing needs. The design would entail a payroll deduction which would produce a fund to pay LTC expenses once a deductible period (of 1 to 4 years, depending on income) was reached. This design was believed to encourage enrollees to cover the front end better than done today, whether by private insurance or other means.

Description: At this engaging professionalism webcast, be prepared to reflect on the values of the actuarial profession and in particular the actuarial standards of practice related to long-term care.

Description: This session from the 1993 Valuation Actuary Symposium covers problems and considerations for the valuation actuary with long term care insurance, NAIC risk based capital RBC requirements and their impact on LTC, the growth of LTC, cash flow testing, GAAP analysis of LTC and LTC claim reserve experiences.