Remove card http://ft.unnes.ac.id/p2m/index.php/credit-union-62959-05bb.pdf credit union 70817  More realistic lapse rate assumptions: Insurers underwriting LTCI back in the 1980s and 1990s assumed that about four percent of policyholders would let their policies lapse before they ever filed a claim - either voluntarily or "involuntarily" - an industry euphemism for death. In reality, lapse rates have been only one percent.