Template-type: ReDIF-Paper 1.0
Author-Name: Carlos Vidal-Meliá
Author-Workplace-Name: Instituto Complutense de Análisis Económico (ICAE), Universidad Complutense de Madrid (Spain).
Author-Workplace-Name: Department of Financial Economics and Actuarial Science, University of Valencia. Valencia. (Spain).
Author-Email: carlos.vidal@uv.es
Author-Person: pvi85
Author-Name: Manuel Ventura-Marco
Author-Workplace-Name: Department of Financial Economics and Actuarial Science, University of Valencia. Valencia. (Spain).
Author-Email: manuel.ventura@uv.es
Author-Name: Anne M. Garvey
Author-Workplace-Name: Department of Economics and Management Sciences, University of Alcalá. Madrid. (Spain).
Author-Email: anne.garvey@uah.es
Title: The implicit (un)healthy life expectancy used for pricing long-term care insurance and life care annuities
Abstract: This paper examines the implicit healthy life expectancy (HLE) used for actuarial calculations in some selected 
	biometric data sets from Australia, China, Portugal, Spain and the US. We are interested in checking the demographic 
	and epidemiological coherence of these data sets because this health indicator is rarely presented when authors build 
	their biometric data sets, nor when they are used to calculate long-term care insurance (LTCI) and life care annuity 
	(LCAs) premiums, nor when they are employed in research articles to estimate the future demand for LTC services in a 
	particular country.
Abstract: En este artículo se examina la esperanza implícita de vida en buena salud (EVS) que se desprende de un conjunto de datos 
	biométricos seleccionados de Australia, China, Portugal, España y Estados Unidos. Nos interesa comprobar la coherencia demográfica 
	y epidemiológica de estas tablas de mortalidad/morbilidad porque este indicador rara vez se presenta cuando son construidas, ni cuando 
	se utilizan para calcular las primas de los seguros de dependencia (LTCI) y las rentas con cobertura de dependencia (Life care annuities), 
	ni cuando se emplean en artículos de investigación para estimar la demanda futura de servicios asociados a la dependencia en un país concreto.
Classification-JEL: G22, G5, I13, J14, J26.
Keywords: Activity limitations; Dependence states; Healthy life expectancy; Life care annuity; Long-term care insurance.
Keywords: Esperanza de vida; Libre de discapacidad; Estados de dependencia; Limitaciones de la actividad; Renta vitalicia con 
	cobertura de dependencia; Seguro de dependencia.
Length: 49 pages 
Creation-Date: 2023
Number: 2023-02
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae2302.txt
File-URL: https://eprints.ucm.es/id/eprint/77044/1/2302.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:2301