Bragg Associates Health Expectancy
relating to health expectancy is a sample. A functional, self-extracting
download is available to those who wish to use the concept in a web-based setting.
A couple nearing retirement wishes to purchase long term care coverage. One is a smoker, the other a former smoker, each with attendant impairments. Health Expectancy illustrates that they will experience a long life with increasing needs for care. The personal actuary advises that a comprehensive lifetime benefit, as opposed to a 3 year coverage limit, is the best purchase option - in spite of the substantial premium difference.
The couple trust the personal actuary. They may not know what actuaries do, but they highly value the opinion of their personal actuary.
See Jim Brook's article on Health Expectancy from the Actuary of the Future newsletter.
Further details are Here
Contact Jack Bragg
Description of Health Expectancy Download
This is an actuarial service based on known historical results. It is customized for the circumstances of an individual, as provided. However, it is not, and is not intended to be, a medical prognosis for the individual. The three stages shown are a norm. In reality, people move into and out of the Healthy, Assisted Living and Skilled Nursing Care categories. Recovery from Skilled Nursing to Assisted Living appears common, for example. Consequently, the period shown for each category can be spread over the entire life expectancy.
The activities of daily living are: Bathing
Use Transferring From Bed to Chair Continence
David G. W. Bragg