“LTC Hybrid Experience Looks Great: Milliman Actuaries,” by Allison Bell, ThinkAdvisor

“Many U.S. life insurers have been moving toward more sales of long-term care (LTC) benefits added to life insurance policies  or annuity contracts, and away from sales of stand-alone long-term care insurance (LTCI) policies. One question has been: Do the LTC hybrid products really produce better results for the issuers than stand-alone LTCI policies, or do the hybrid products simply free protection against long-term care risk from being associated with a product type that’s out of favor? Actuaries from Milliman Inc. have looked at a few years of early experience data from 11 hybrid issuers and found that the early results look good.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

So far, so good.