Life care annuities to help couples cope with the cost of long-term care

The Implicit (Un)Healthy Life Expectancy Used for Pricing Long-Term Care Insurance and Life Care Annuities

“…In short, our analysis and its associated data could provide very useful information to help individuals or couples to understand the need to be protected against the cost of requiring LTC services. It would also make the computation of the actuarial factors more transparent (Ventura-Marco et al, 2022). This information could also be embedded in retirement calculators and other tools used by financial advisors (Hurwitz et al, 2022).…”