LTC Underwriting
Insurers underwrite age, health history, and cognitive risk; issue ages typically 40-79, with declining acceptance at older ages, making earlier purchase cheaper but not automatic.
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Practice This Concept
Adverse selection in long-term care insurance occurs most directly in which situation?
People in poor health or already needing care are more likely to apply for coverage — Adverse selection describes the tendency of higher-risk individuals — those already impaired or anticipating care needs — to seek insurance disproportionately. In LTC, this shows up as applications from people with failing health or early cognitive decline, which is why LTC underwriting scrutinizes health, age, and cognitive status. AH-I.A.15 anchors adverse selection and risk distribution for the A&H line.
National insurance concept
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