NAIC Report

Long-Term Care Valuation Work Group Releases the Long-Term Care Insurance Mortality and Lapse Study

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Publish Date:

11/19/2021

Category:

Policy & Research

Topics:

Long-Term Care, NAIC

The Long-Term Care Valuation Work Group released a major report, the Long-Term Care Insurance Mortality and Lapse Study, as a result of a 2016 request from the NAIC’s Health Actuarial (B) Task Force regarding replacing the mortality and lapse bases for statutory minimum reserves. The study was completed jointly by the Academy and the Society of Actuaries Research Institute.