Milliman conducted its eighth triennial private long-term care insurance (LTCI) valuation survey in 2024. The objectives of this survey are to review and document 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. This report documents our compilation and analysis of responses to key survey questions from 20 distinct private long-term care insurance carriers. The results and discussion are presented in the following main sections:
- Adequacy of active life reserves
- Disabled life reserves
- Asset assumptions