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…
Read MoreLong Term Care Insurance Premiums on the Rise
