Supplemental Health, DI and LTC Conference Goes Virtual
2020 event set for Aug. 5-6 in an exclusively virtual format due to the ongoing COVID-19 pandemic.
Long-Term Care
Agents expect to sell more LTCI policies this year than last
Nearly 8 in 10 in a new AALTCI survey optimistic their new policy sales will equal or surpass last year.
Simplified underwriting gaining momentum among consumers
Almost half of Americans say they are more likely to buy life insurance using simplified underwriting, drawn to the speed and ease that it offers.
350,000 Americans bought LTCI policies in 2018
Combo products account for lion’s share of new policies sold according to new data from the American Association for Long-Term Care Insurance.
Genworth suspends LTCI, annuity sales through BGA channel
Company has temporarily suspended sales of individual long-term care insurance and income Assurance Annuity products through the brokerage general agency channel in all states, effective as of Monday, March 11.
Long term care insurance claims top $10 billion in 2018
A record $10.3 billion in claims was paid last year by the nation's long-term care insurance companies, according to new data from the American Association for Long-Term Care Insurance.
Prices for LTCI coverage show slight year-over-year increase
Just-released 2019 LTCI Price Index shows average annual premium for a 55-year-old couple was $3,050.
Latest FIO report chock full of industry data and analysis
Seventh annual Dodd-Frank-mandated report shows U.S. still the world’s largest insurance market; provides a detailed analysis of the current state of the overall market.
Buyers of new LTCI policies face little risk of future rate increase, new study claims
Individuals who purchase a new long-term care insurance policy face little if any chance of a future rate increase according to a study of pricing experts released Sept. 17 by the American Association for Long-Term Care Insurance (AALTCI).
Life-LTC combo products on rise; now represent 25% of total new U.S. life insurance premium
Total new premium for life combination products increased 18% in 2017, marking the third consecutive year of premium growth.
