Long-term care insurance

By Matt Winegar, Jeff Anderson  |  01 May 2017

If Alzheimer’s disease were curable—both preventable and reversible—what would happen to the long-term care industry?

By Andrew H. Dalton, Daniel A. Nitz, Allen J. Schmitz  |  10 March 2017

This article discusses how a first principles model, using mortality and lapse assumptions, can enhance and simplify the modeling of long-term care projections.

By Missy Gordon, Courtney Williamson  |  01 December 2016

This article focuses on the effects of nonforfeiture (NF) when elected at the time of an increase regardless of whether the NF option was purchased or is contingent.

By Allen J. Schmitz, Andrew H. Dalton, Daniel A. Nitz  |  16 November 2016

This article, the third in our series on long-term care first principles modeling, discusses issues related to developing lapse assumptions and examines in more detail the issues relating to developing healthy life lapse rates.

By Robert Eaton  |  01 November 2016

This paper provides historical context and reasons underpinning the uncertainty of the first generations of long-term care insurance pricing.

By Missy Gordon, Amy Pahl  |  23 September 2016

A survey on premium rate increases for the long-term care insurance industry.

By Allen J. Schmitz, Daniel A. Nitz, Tim F. Kempen  |  03 August 2016

This long-term care insurance valuation survey reviews and documents the assumptions and methodologies related to the determination and testing of active life and disabled life reserves as well as the asset strategies and investments backing the reserves.

By Missy Gordon, Shawn Stender  |  01 August 2016

This article provides insight into the elusive ultimate mortality level by developing an assumption using a combination of modeling techniques.

By Allen J. Schmitz, Andrew H. Dalton, Daniel A. Nitz  |  27 June 2016

This article examines the development of mortality assumptions for use in a long-term care first principles model.

By John Hebig, Mike A. Bergerson  |  14 March 2016

Insurers are increasingly using inflation protection landing spots as they look to balance premiums and costs.

By John Hebig, Mike A. Bergerson  |  14 March 2016

Rate increases in the long-term care insurance market are continuing, and there are several possible benefit reduction options that insures can—and in some cases must—make available to policyholders.

By Missy Gordon, Stephanie Moench  |  14 March 2016

This article covers the mechanics of issue age rating and pre-funding to clarify some of the common misconceptions about long-term care rate increases.

By Matt Winegar, Mike A. Bergerson  |  14 March 2016

In long-term care insurance, there are a number of issues to consider when reviewing experience and setting projection assumptions for the future.

By Allen J. Schmitz, Andrew H. Dalton, Daniel A. Nitz  |  09 March 2016

An introduction to a series addressing the challenges and opportunities faced by long-term care insurance companies converting from legacy projection models to a “first principles” modeling approach.

By Karen Z. Schutter, Robert Eaton  |  01 December 2015

This article explores the uniform standards for three asset-based insurance products and discusses trends and potential changes that are coming.

By Dawn E. Helwig  |  21 November 2014

Setbacks in the private long-term care (LTC) industry have led many insurers to discontinue new sales or to raise rates on existing business. This Contingencies article argues that regulatory action is needed now.

By Dawn E. Helwig  |  01 April 2014

There is clear actuarial justification and rationale for separate rates for males and females in long-term care insurance.

By Linda Chow, Carl A. Friedrich, Dawn E. Helwig  |  19 March 2012

Design and pricing considerations for combination products that link life insurance annuities with long-term care insurance.

Articles about long-term care insurance, covering topics like modeling, valuation, cost, trends, and recent developments