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 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: Morbidity improvement has been a hot topic in the LTC market in the past year. This session will provide an update of studies performed in the industry to review historical data for morbidity improvement and considerations that actuaries should take when determining what level of morbidity improvement to include in their best estimate assumptions.

Description: This session discusses continuing care retirement communities. What opportunities exist? What role does the actuary play? From Record of Society of Actuaries, Volume 26, No. 1.

Description: In this session, the following essays from the Society of Actuaries Living to 100 Call for Essays are presented. Essays: Potential for Mortality Improvement from Cognitive and Psychological Factors – Gordon Woo, – Ph. D. How Growing Inequality in the United States Makes Long-Term Care Financing Reform A Lot Harder – Karl Polzer – MPA Alcohol and Mortality, Sam Gutterman, FSA, CERA, FCA, FCA, HONFIA, MAAA

Description: This session discussion presents future needs for services and financing arrangements for aging baby boomers, scenarios of the Long-Term Care LTC situation in the year 2010, and the gap between future needs for LTC and current methods of providing it. From Record of the Society of Actuaries 1987 Vol. 13, No. 4A.

Description: Session 5 of the 1990 Valuation Actuary Symposium is an open forum on the long term health insurance risks. Also discussed is major medical and disability insurances.

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 session from the 2003 SOA Spring Meeting discusses the results of the LTC Insurance Experience Study and how to apply to LTC pricing, setting long-term and short-term objectives and communicating the results through preparing and delivering the report. From the Record of the Society of Actuaries, Volume 29, No. 2, Session 55PD.

Description: Experience reporting forms (ERFs) are submitted by LTC insurers each year tracking their experience by year for earned premium, incurred claims, policy reserves, claim counts and policies in force.