Do you need Long Term Care coverage?
Do you already have a policy? Are you sure?
You should expect higher costs and a much more difficult approval process as a growing number of household-name insurers stopped selling LTC policies.
According to Limra International, 10 of the Top 20 insurers have exited the market, including: Guardian Life; Hartford; MetLife; Penn Treaty; Prudential; and Unum Group. In July 2012, Genworth Financial and TransAmerica also suspended further sales, until new plans and rates are approved.
Other LTC carriers have increased premiums up to 40%, due to
increased life expectancy, higher utilization and reduced investment
return rates.
Contact us for information on plans with guaranteed level premiums and increased financial protection.
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