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MetLife Announces It Will Stop Selling New Long-Term Care Insurance Policies

Friday, November 12, 2010 - 8:22 AM
From Bloomberg via BusinessWeek
MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business.

It doesn't seem to bode well for the long-term-care insurance industry. Last week, the New York Times had this piece on LTCI and noted that "John Hancock and MetLife have announced their intent to raise annual premiums by up to a jaw-dropping 40 percent if state regulators let them."

With these uncertainties, would you recommend LTCI?  
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634