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Lincoln Benefit Life Company Home Office: 2940 … - lincoln benefit life my account


Lincoln Benefit Life Company Home Office: 2940 …-lincoln benefit life my account

Lincoln Benefit Life Company
Home Office: 2940 South 84th Street, Lincoln, NE 68506-4142
Company NAIC No. 65595
Administrative Office: Post Office Box 4243
Woodland Hills, California 91365-4243
Actuarial Memorandum
January 2018
Long Term Care Insurance Policy: Form LB-7000-P-MD(Q)&(NQ)
Shortened Benefit Period Nonforfeiture Rider: Form LB-7000-R3-MD
Compound Benefit Increase Rider: Form LB-7000-R4-MD
Simple Benefit Increase Rider: Form LB-7000-R5-MD
Home & Community Based Care Waiver of
Premium Benefit Rider: Form LB-7000-R6-MD
Weekly Home & Community Based Care Benefit Rider: Form LB-7000-R7-MD
Home & Community Based Care Indemnity Rider: Form LB-7000-R8-MD(Q)&(NQ)
Family Caregiver Benefit Rider: Form LB-7000-R9-MD(Q)&(NQ)
These forms and riders were issued in Maryland from 2004 through 2006. The above policies and riders are no longer
being marketed in Maryland.
Lincoln Benefit Life Company 1
Lincoln Benefit Life Company
Home Office: 2940 South 84th Street, Lincoln, NE 68506-4142
Company NAIC No. 65595
Administrative Office: Post Office Box 4243
Woodland Hills, California 91365-4243
Actuarial Memorandum
January 2018
Table of Contents
Actuarial Memorandum
Section 1: Purpose of Filing .............................................................................................................................................. 4
Section 2: Requested Rate Increase ................................................................................................................................... 4
Section 3: Premiums.......................................................................................................................................................... 4
Section 4: Description of Benefits ..................................................................................................................................... 5
Section 5: Marketing Method ............................................................................................................................................ 6
Section 6: Underwriting Description ................................................................................................................................. 6
Section 7: Renewability..................................................................................................................................................... 6
Section 8: Applicability ..................................................................................................................................................... 7
Section 9: Actuarial Assumptions ..................................................................................................................................... 7
Section 10: Issue Age Range ............................................................................................................................................. 9
Section 11: Claim Liability and Reserves.......................................................................................................................... 9
Section 12: Trend Assumptions....................................................................................................................................... 10
Section 13: Past and Future Policy Experience ............................................................................................................... 10
Section 14: History of Previous Rate Revisions .............................................................................................................. 10
Section 15: Analysis Performed ...................................................................................................................................... 10
Section 16: Loss Ratio Requirement Compliance Demonstration................................................................................... 11
Section 17: Proposed Effective Date ............................................................................................................................... 12
Section 18: Nationwide Distribution of Business............................................................................................................ 12
Section 19: Actuarial Certification .................................................................................................................................. 13
Lincoln Benefit Life Company 2
Lincoln Benefit Life Company
Home Office: 2940 South 84th Street, Lincoln, NE 68506-4142
Company NAIC No. 65595
Administrative Office: Post Office Box 4243
Woodland Hills, California 91365-4243
Actuarial Memorandum
January 2018
Actuarial Memorandum Exhibits
Attachment A: Rate Increase Impact Exhibit .................................................................................................................. 14
Attachment B1.1-B3: Rate Tables ................................................................................................................................... 15
Attachment C: Lapse Rates ............................................................................................................................................. 20
Attachment D1 & D2: Mortality Rates............................................................................................................................ 21
Attachment E1.1-E2.2: Incidence and Continuance Assumptions and Experience......................................................... 23
Attachment F: Calendar Year Nationwide Projections.................................................................................................... 27
Attachment G: Calendar Year Maryland Projections ...................................................................................................... 28
Attachment H1: Nationwide Durational Experience Exhibits ......................................................................................... 29
Attachment H2: Maryland Durational Experience Exhibits............................................................................................ 30
Attachment I1: Nationwide Policy and Premium Distributions ...................................................................................... 31
Attachment I2: Maryland Policy and Premium Distributions ......................................................................................... 32
Attachment J: 58%/85% Loss Ratio Test ....................................................................................................................... 33
Lincoln Benefit Life Company 3