Lapse rate floor 1%/yr post-disability for active-life LTC
| source | SOA LTC Persistency Study |
| derivation | data_calibrated |
| quality | calibrated |
| regulatory frameworks | NAIC VM-25 |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Used in M-026 LTC family; reflects that disabled lives don't lapse in the standard sense.