The 2020 Long‐Term Care (LTC) Medical Symposium was a two half‐day conference that extracted the thinking of leading experts on historical and future trends that will influence LTC insurance (LTCI) claim expectations. The Symposium focused on ideas from experts outside of the LTCI industry for the explicit purpose of gathering fresh perspectives on the issues that long‐term care insurance companies face, such as expected timing of new claims onset, length of claim, life expectancy and cost of care.