Long-Term Care Expert at Life Company

2 sequenced courses

ILA 101
Pricing and Introduction to Valuation and Risk Management ▼
  • Individual Life and Annuity Product Design and Pricing: The candidate will understand the designs of the common Life and Annuity products and their associated features and inherent risks, and the methods to design and price these products.
  • Assumption Development and Experience Studies: The candidate will understand different types of actuarial assumptions and how experience studies are designed and used for evaluating past experience and for setting assumptions.
  • Product Management: The candidate will understand common issues and practices related to Product Management.
  • Introduction to Life and Annuity Valuation Concepts: The candidate will understand common valuation and capital techniques used in US, Canadian, and international regulatory frameworks.
  • Introduction to Assets and Managing Risk: The candidate will understand various techniques for addressing the mitigation of risk within a life insurance and annuity context.
ILA 201-U
Valuation and Advanced Product and Risk Management, U.S. ▼
  • Assumes knowledge from ILA 101
  • U.S. Financial Reporting Requirements: The candidate will understand and apply U.S. valuation principles and methods applicable to individual life insurance and annuity products issued by U.S. life insurance companies.
  • Capital Management: The candidate will understand how to explain and apply the methods, approaches and tools of financial capital management for life insurance company under a US regulatory framework.
  • Management and Evaluation of Life Insurance Risks: The candidate will understand types of life insurance risks, the impacts of diversification, crediting rating agency frameworks, and the assessment of risk management.
  • Advanced Product Management: The candidate will understand value creation and inforce management techniques for life and annuity products.
or
ILA 201-I
Valuation and Advanced Product and Risk Management, International ▼
  • Assumes knowledge from ILA 101
  • International Financial Reporting Requirements: The candidate will understand and apply valuation principles to individual life insurance and annuity products issued by international life insurance companies.
  • Capital Management: The candidate will learn the capital requirements under solvency II framework, the approaches and tools of financial capital management for international life insurance company.
  • Management and Evaluation of Life Insurance Risks: The candidate will understand various approaches to manage and evaluate life insurance risks.
  • Advanced Product Management: The candidate will understand value creation and inforce management techniques for life and annuity products.

2 additional courses

GH 101
Benefits and Pricing ▼
  • Plan & Product Provisions: The candidate will understand how to describe plan provisions typically offered under short-duration contracts (medical, dental, vision, prescription drug, group life).
  • Manual Rates: The candidate will understand how to calculate and recommend a manual rate for each of the contracts described in Learning Objective 1.
  • Underwriting & Funding: The candidate will understand how to apply principles of pricing, risk assessment, and funding to an underwriting situation.
  • Employee Benefits: The candidate will understand how to evaluate and recommend an employee benefit strategy.
CP 321
Disability, Long-Term Care, and Long-Duration Health Contracts ▼
  • Plan & Product Provisions: The candidate will understand how to describe benefits typically offered under long-duration contracts (disability income, long-term care, critical illness, Medicare Supplement).
  • Manual Rating: The candidate will understand how to calculate rates for each of the contracts described in Learning Objective 1.
  • Reserving: The candidate will understand how to apply valuation principles for long-duration contracts.
  • Financial Statements: The candidate will understand how to prepare and interpret insurance company financial statements for long duration contracts.
  • Retiree Group Benefits: The candidate will understand how to design and perform valuations of Retiree Group Benefits.
  • Asset Adequacy: The candidate will understand how to apply asset matching and asset adequacy standards as they apply to long duration contracts.