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Long-term care insurance (LTCI) covers are rather recent products, in the framework of health insurance. It follows that specific biometric data are scanty; pricing and reserving problems then arise because of difficulties in the choice of appropriate technical bases. Different benefit...
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Mortality risk sharing pools such as pooled annuity funds and tontines provide an attractive and effective solution for … aid in reducing the cost of LTC insurance. This paper presents a matrix-based approach for pooling mortality risk across … functional disability and health statuses, we demonstrate how individuals with different health risks can share mortality risk in …
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