Why Long-Term Care Insurance May Become Extinct

Allan Roth offers some interesting commentary at CBS News about the recent mass exodus of insurance companies offering long-term care insurance. He also offers some tips if you do buy LTC insurance:

If you do buy LTC insurance, buy a plan that allows fixed premiums over, say, 10 years that then fully pays all premiums. That way, the insurance company can't raise your rates later. Consider partial self-insurance by buying longer wait periods and even skipping the inflation rider. Make sure it's from a highly rated insurance company