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Long-term care insurance valuation: An industry survey of assumptions and methodologies01 August 2019 - By Allen J. Schmitz and Tim F. Kempen - Article

This report presents the results of our sixth triennial long-term care insurance valuation survey.

Milliman Combination Product Experience Study21 March 2019 - By Carl A. Friedrich and Allen J. Schmitz - Article

Milliman announces the results of the first-of-its-kind, industry-wide study that examines insurers’ experience with combination products-- those that couple life or annuity policies with Long-Term Care or Chronic Illness riders.

Are Medicare Advantage plans ready for the high costs of long-term care?12 June 2018 - By Christopher J. Giese and Allen J. Schmitz - Article

There are a number of factors that may influence how Medicare Advantage plans offer and price new long-term care benefits.

Tax reform impact on LTC insurance and other long-tailed health business: An actuarial perspective24 January 2018 - By Andrew H. Dalton and Allen J. Schmitz - Article

This article gives an overview of the key provisions in the new tax law and provides an actuarial perspective on the effect the new law could have on long-term care insurance and long-tailed health business generally.

First principles modeling for LTC: A series summary25 August 2017 - By Allen J. Schmitz and Andrew H. Dalton and Daniel A. Nitz - Article

Companies have experienced significant benefits from their first principles models. This article summarizes key topics from a series of articles about first principles modeling for long-term care insurance.

Long-term care first principles modeling: Advantages and enhancements in modeling10 March 2017 - By Andrew H. Dalton and Daniel A. Nitz and Allen J. Schmitz - Article

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

Long-term care first principles modeling: Lapse assumptions16 November 2016 - By Allen J. Schmitz and Andrew H. Dalton and Daniel A. Nitz - Article

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.

Long-term care insurance valuation: An industry survey of assumptions and methodologies03 August 2016 - By Allen J. Schmitz and Daniel A. Nitz and Tim F. Kempen - Article

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.

Long-term care first principles modeling: Mortality assumptions27 June 2016 - By Allen J. Schmitz and Andrew H. Dalton and Daniel A. Nitz - Article

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

Case study: Long-term care insurance first principles modeling09 March 2016 - By Allen J. Schmitz and Andrew H. Dalton and Daniel A. Nitz - Article

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.


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