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: Managing an in-force block of long-term-care insurance policies requires attention to maintain value to policyholders and persistency of healthy lives. In this session panelists discuss emerging experience in the US and UK, new product development, health risk, pricing, underwriting, claims management, experience monitoring and techniques to help viability & profitability. From the Record of the Society of Actuaries, Volume 28, No. 3, Session 82