Long-term care
Long-term care
Creating coverage that lasts
Milliman long-term care solutions
Comprehensive claims data
Milliman long-term care insight
Milliman’s annual U.S. industry LTCI claims projection
We expect long-term care insurance claims to peak in excess of $40 billion annually in the 2040s, excluding any new sales, according to our latest projections.
Long-term care insurance valuation: 2024 report
Milliman conducted its eighth triennial private long-term care insurance (LTCI) valuation survey in 2024.
Long-Term Care Focus: Q1 2025
Estimating Member-Level Treatment Effects with Uplift Modeling
In long-term care, uplift modeling could serve as a valuable tool, helping actuaries and statisticians analyze the effectiveness of new wellness programs.
Integrated and first principles modeling for hybrid life and health products
We discuss the two main model types for modeling Hybrid Life and Health products - a claim cost model and an integrated first-principles model - and the pros and cons of each.
Combination products: An accelerated education
Combination products provide valuable, and often substantial, health insurance coverage in the framework of a life insurance or annuity policy.
Developing alternative options during LTC premium rate increases: Company considerations and regulatory perspective for offering reduced benefit options
This article explores in detail two methods of developing reduced benefit options: the future loss ratio neutral approach and the cash flow neutral approach.
The home stretch: Accessing home value to fund long term care
We describe new approaches to long-term care financing that rely on home equity release, and several of the challenges individuals face.
Living benefit riders to life insurance policies: Pricing considerations and strategy
We discuss key product development and pricing considerations, the advantages of offering many living benefit riders on a single life insurance policy, and considerations when filing these products for review and approval for entering the market.
Economic and external factors that influence Long-Term Care claims
We consider that actuarial assumptions based on historical data reflect some level of labor demand and supply and therefore immigration has played–and will play–an important role in this equation.
Milliman long-term care products
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