Dear Actuary: What are demographic and longevity risks?
A primer for plan sponsors on demographic and longevity risks and how they affect public pensions.
The need for long-term care (LTC) services has been fairly well documented since the inception of the private LTC insurance industry in the 1980s. The need for LTC is not going away, especially as the population continues to age. This article explores three possible future paths for LTC insurance funding and the associated implications for the private LTC industry.
This article was originally published by the Society of Actuaries (SOA).