Long Term Care Insurance: Past Present Future

Private long-term care insurance (LTCI) is now in its fourth decade - the last, in the view of some, in which it will be sold widely across America. Before we observe the obsequies, it may be well to take stock of where we actually are, because sales of stand-alone LTCI products - not to mention linked or combination products, chronic illness coverage, and short-term care insurance - do take place each day, suggesting that private LTCI is filling a need.

A New Response (Best's Review)

Hybrid life insurance/long-term care product sales are rising, but the industry must pay attention to pricing and risk mitigation techniques.

2014 Midwestern Underwriting Conference Presentations

Powerpoint slides from selected presentations given at the 2014 Midwestern Underwriting Conference (September 10-12, 2014 in Madison, WI) have been posted at the MUC website. Topics covered include:

  • Credit Reporting
  • Foreign Risk
  • Fraud
  • Gadgets & Kiosks & Apps
  • LTC Underwriting
  • Pelvic Masses: Evaluation of an Adnexal Mass
  • Performance Enhancing Drugs: Athletics, Anti-Aging and Academics
  • Updates in Cerebrovascular Disease with Underwriting Impact

Does Retiring Early Increase Cognitive Decline?

To cut through the suspense the answer is yes. If you look at two individuals of the same age, the person who retired early will show greater cognitive decline than the person who retired later.

5 Steps to Deal with LTCI Declines

Q. With insurance companies tightening up underwriting, I’m concerned that my declines will increase. What suggestions can you provide to help turn a decline into an in-force policy?

Insurers Ride The Wave Of Critical, Chronic Illness

Insurance carriers see the critical illness and chronic care riders as a major opportunity to sell more life and long-term care coverage at a time when life insurance sales are flat and low interest rates exert a damper on insurance products...

The New LTCI Underwriting Standards

Regardless of the type of insurance being discussed, insurance underwriting is essentially about assuming risk.

LTCI Watch: Blood

Apparently, the new "Alzheimer's blood test" that Mark Mapstone and colleagues have discussed in Nature is not necessarily the game changer early news reports have made it out to be.

Life-LTC Combo Products & Lab Scoring Models (slides)

Presentation by Tony Laudato, VP & Actuary, Mortality Solutions Pricing and Ben Carson, VP and Actuary, Mortality Solutions Pricing at the Actuaries' Club of the Southwest, June 21, 2013.

Report on the Survey of Older Age Mortality And Other Assumptions

The Product Development Section is pleased to make available a new research report into the mortality and other actuarial assumptions for life and long term care insurance products sold at older ages.

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