Less-than-standard LTC risks can be insured

Despite the lack of disease-specific actuarial data that exists today, it is still possible to assign applicants to different risk classifications for LTC insurance. But to do so prudently, LTC underwriters need to understand why people go into claim, and the carriers must be smart about plan design...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Veröffentlicht in:National Underwriter 2000-11, Vol.104 (45), p.10
1. Verfasser: Holland, Stephen K
Format: Artikel
Sprache:eng
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Zusammenfassung:Despite the lack of disease-specific actuarial data that exists today, it is still possible to assign applicants to different risk classifications for LTC insurance. But to do so prudently, LTC underwriters need to understand why people go into claim, and the carriers must be smart about plan design in order to limit their liability on these riskier cases.
ISSN:1940-1345