"The report picks very specific blocks of policies
, claiming these to be most comparable (i.e., a block of 21K from 207K Prudential policies, a block of 17K from 905K Unum policies).
Blocks of policies
insuring older people tend to be more stable and easier to analyze than blocks of policies
insuring younger people, because actuaries can look at the older insureds' claims for long-term care (LTC) services and get a sense of what morbidity will look like, Taylor said.
The report pointed out that "a significant number of insurers have left the private LTCI market and closed blocks of policies
due to low interest rates that have affected the products' financial performance and unexpectedly low forfeiture rates, among other reasons.
"It is important for the ESO to participate in this forum to work alongside its fellow members and the IUCN to form the building blocks of policies
that help find solutions to the pressing environmental challenges that concern not only the region but the entire world," said Dr Mohsin Al Aamery, ESO board member, who attended the meeting.
Therefore, it now appears that some investment firms wishing to sell these vehicles are attempting to create blocks of policies
that will be candidates for life settlements a year or two after issue.