Description: While tax-qualified products meet an existing demand in the long-term care market, the statutorily required language of Section 7702B can present challenges as claims are presented. Every day, claims professionals grapple with whether the facts of a claim constitute substantial assistance or a severe cognitive impairment. “Close call” claims decisions continue to increase as claims volumes rise across the long-term care insurance sector. This article analyzes the Section 7702B language, identifies potential pitfalls in administering claims made on tax-qualified policies, and illustrates how to avoid such pitfalls through hypothetical scenarios.

Description: An exploration of actuarial and other financial issues involved with Continuing Care Retirement Communities, which are also known as Life Plan Communities

Description: Feature article discussing the effects of increasing numbers of cognitive conditions on long-term care claims.

Description: The chair of the Long-Term Care Section notes activities of the section and thanks members for their participation.

Description: This article discusses the “Future of Long Term Care” Think Tank.

Description: Read the December 2017 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: President Clinton’s Long-Term Care Initiative Presentation on January 4, 1999. Addresses support for family caregivers. From Long Term Care Newsletter, September 1999, Issue No. 1.

Description: In this article, we describe new approaches to long-term care financing that rely on home equity release and we address several of the challenges mentioned above. While these approaches stand to help expand the potential for long-term care financing to middle-class Americans, even these approaches don’t address a large swath of the U.S. with less privilege, who have little or no home equity. We will discuss the product design, marketing, pricing and risk management of these new approaches and potential behavioral factors that should be considered. The article builds on a growing body of academic research to which the authors have actively contributed. We want to share the key insights of this international work in market research, economics, and actuarial studies to stimulate more research in this area.

Description: Digital Long-Term Care Insurer for the Post-Coronavirus World.

Description: Column from the editor of Long-Term Care News.