“State of Long-Term Care Insurance,” by Moody’s, Advisor Magazine

“As insurers undertake LTC actuarial assumption reviews in 2019, we believe those with outdated and less defendable assumptions will likely make adjustments to align with evolving industry experience and longer-term investment return assumptions, potentially leading to a decline in GAAP margins. Those insurers with insufficient or depleted margins would need to take earnings charges. As we have indicated previously, a small change in actuarial assumptions can significantly impact margins, and ultimately reserves, for a long- duration product such as LTC.”

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

More incoming.