Description: Presented at May 2000 Spring Meeting. Some companies are planning to increase sales and lower expenses by packaging the sale of long-term-care coverage with complementary products. Life and annuity combinations, market positioning, product features and product development issues are discussed.

Description: This paper describes a concept product, advanced-life delayed annuity ALDA, which would be acquired at a young age small premiums would be paid over a ling period of time but the ALDA would only begin paying an inflation-adjusted life-contingent income at the advanced age of 80, 85, or even 90.

Description: Today, a plethora of tools and approaches exist to develop lifetime projections of long-term care (LTC) business. Within these tools lie two distinct approaches to project mortality; namely, by using assumptions that are applied: (1) to an all-lives exposure base, or (2) separately for disabled- versus active-lives exposure bases. Using disabled versus active mortality allows for more granular modeling of the two different cohorts that exhibit dramatically different mortality. And so, when using an all-lives mortality assumption, is the projection missing important details about the appropriate mortality level? This article seeks to not only answer this question, but also answer how a “traditional” all-lives mortality assumption can be impacted when you introduce a combination of the two modeling techniques into the development of a mortality assumption. To answer these questions, we examined the experience and results developed from one c ompany as an illustrative case study.

Description: Panelists discuss the results of the SOA's Intercompany Experience Study dealing with long-term-care insurance. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Discusses reserve valuation for long-term-care insurance [LTCI]. Includes the NAIC model law, federal tax issues, Valuation Actuary standards, cash-flow testing, and how a current company has gone about setting up its active and claim reserves. Session 4 of the 1991 Valuation Actuary Symposium.

Description: The basics and importance of the utilization assumption for long-term care insurance.

Description: This study identifies large categories of conditions that long-term care insurance LTCI carriers previously might have avoided because of a lack of data. This study estimates claims, mortality, and lapse rates for several conditions. Many of the conditions are further analyzed into risk categories, some of which would be insurable at standard rates.

Description: Presented at May 2000 Spring Meeting. This teaching session presents techniques and tools for valuing long-term-care insurance for mergers and acquisitions, drivers behind M&A activity in this market, the appraisal process. Specific situations are discussed.

Description: Diverse Risks 2016 Call for Essays

Description: This paper explores how an intragenerational funding approach might spread the risks from those older persons who live longer to those who do not live so long and from those who are healthier or less dependent to those who are less healthy or more dependent.