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Shopping For Long-Term-Care Insurance? Another Thing Hurt By Low Rates

Sunday, March 11, 2012 - 4:52 PM
This Wall Street Journal article on long-term-care insurance shows another way low interest rates is punishing savers:
Prudential Vice President Malcolm Cheung says the company decided to stop selling long-term-care coverage to individuals because of the uncertainty surrounding future claims and persistently low interest rates.

People shopping for long-term-care insurance are finding fewer choices, higher costs and a tougher approval process. The article provides some useful tips for those who are looking.
4
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Sunday, March 11, 2012 - 7:04 PM
I enrolled in a LTC policy five years ago. It has an inflation rider. I'm glad I did it at that age because I couldn't touch one now for the same premium.
3
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
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