Description: Under the new long term care model regulation, initial filing requirements include a statement regarding underwriting practices, which makes an actuary's awareness of underwriting techniques even more important. This session discusses underwriting tools and strategies. From the Record of the Society of Actuaries, Volume 27, No. 1, Session 112OF

Description: Panelists provide an overview of long-term-care insurance. They present basic information relating to how the product works, unique pricing and risk considerations, marketing, and reserve and capital requirements. From the Record of the Society of Actuaries, Vol. 31, No. 1, Session 48

Description: This article describes how Long-Term Care riders attached to Life Insurance policies provide real insurance value at a reasonable cost and allow life insurance companies to compete on a basis other than cost.

Description: Discusses use of credibility theory with respect to LTCi. Considers the various credibility methods and points to resources for more in-depth investigation.

Description: This session discussion is about nonforfeiture values for long-term care: valuation of different approaches [cash surrender value, return of premium, reduced paid-up, extended term, shortened benefit period], sensitivity testing, implications for marketing and regulatory status. From Record of Society of Actuaries Vol. 19, No. 1A.

Description: Panelists at this session of the SOA 2000 Las Vegas Spring Meeting discuss proposed changes to the NAIC model for Long Term Care Insurance designed to promote initial rate adequacy and decrease the role of rate increases in maintaining profitability.

Description: New insurance product concept to cover elder care

Description: Summary of long-term care insurance options available for designing the right policy for your clients.

Description: Insolvency Due to Long Term Care resulting from deficiencies in underwriting, contract language and claim processing. From Long-Term Care Newsletter, August 2001, Issue No. 5.

Description: Stakeholders in a specific state (Minnesota) were interviewed about the potential value -- and obstacles -- of a catastrophic backstop program to handle long term care (LTC) financing needs. The design would entail a payroll deduction which would produce a fund to pay LTC expenses once a deductible period (of 1 to 4 years, depending on income) was reached. This design was believed to encourage enrollees to cover the front end better than done today, whether by private insurance or other means.