Long Term Care Insurance Premiums on the Rise

Long Term Care Insurance Premiums on the Rise

Many big name insurers are getting out of the long term care business, referred to as LTC, due to a struggle to make a profit – names like Aetna, Metropolitan Life and Equitable Life. One can’t ignore, this business is in bad shape. Many that are still in have been pushing their rates up – in fact John Hancock just asked for another rate increase of close to 40% in order to make ends meet.   Presently, the sector views their industry in an investment snare.  “Between half and two-thirds…

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