Actuarial Notes

Insuring Long-Term Care

By Robert Eaton and Matt Morton · ACTEX Learning · 2024

Study guide: Exam CP-321

A textbook, edited by Robert Eaton and Matt Morton, on the risks of long-term care (LTC) benefits in the United States in their many forms. ACTEX Learning describes its goal as improving the understanding of LTC risks among practitioners, in the hope of fostering new generations of LTC risk management and products, and lists among its topics experience studies, regulation, public programs, in-force management, mergers and acquisitions, valuation, claims administration and fraud.

On the syllabus

  • Exam CP-321 — Chapter 2, History of Long-Term Care Products, and Chapter 4, Hybrid Life and Long-Term Care Products (Outcomes 1b, 1c); Chapter 9, Long-Term Care Insurance Experience Monitoring, and Chapter 10, Long-Term Care Insurance Premium Rate Increases (2b-2d); Chapter 8, Long-Term Care Insurance Valuation (3a, 3b).

1 Introduction

2 History of LTC Products

3 Long-term Care Delivery

4 Hybrid Life and LTC Products

5 LTCI Regulation

6 Tax Treatment of LTCI

7 Public LTC Programs in the US

8 LTCI Valuation

9 LTCI Experience Monitoring

10 LTCI Premium Rate Increases

11 Fraud, Waste, and Abuse in LTC

12 LTC Claims Administration

13 LTC Reinsurance

14 Transactions Involving LTCI

Sources