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.
Long-Term Care
Decline rates rising for LTCI applicants under 70; stable (but high) for those over 70
As a new study shows it’s getting even harder to health-qualify for long-term care insurance, AALTCI advising consumers to apply at earlier ages.
Annuities underutilized for tax-free LTC benefits, data suggests
New guide aims to educate consumers and financial professionals about how 1035 exchanges can provide advantages for tax and long-term care planning.
Few LTCI claims begin in nursing homes
The vast majority of long-term care insurance claims begin in the home while fewer than 3 in 10 start in a nursing home, according to a newly released industry analysis of claims conducted by the AALTCI.
Zenith Marketing Group partners with Ash Brokerage
Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, N.J., is joining Ash Brokerage, the largest privately held insurance brokerage in the United States, the companies announced recently.
Industry Briefs: A quick look at recent life and annuity news of note
Here’s a roundup of some of the news and events from a wide range of topics coming across the wires from life and health industry organizations and companies lately.
Court cases, stats, new products and more: A brief look at industry news
Ranging from new product introductions to events, sales data and a couple of significant court cases, here’s a brief roundup of some recent news of note in the life annuity market, along with some links providing additional details.
New sets of LTCI data reveal continued resistance to perceived expense
As another LTC Awareness Month is in the books, recent statistics show Americans remain most spooked by the expense of obtaining coverage.
Combo products giving life back to long-term care market
While traditional LTCI sales decline, the need for long-term care services will increase as more people enter retirement. Combination products — life and annuity products with a long-term care rider – may be the answer for many.
Median cost of LTC services jumps 4.5% this year, rising at about three times the rate of inflation
Genworth's just-released 2017 Annual Cost of Care Survey finds costs continue to rise across all care settings while two-thirds of Americans mistakenly assume government will partially or fully pay for long term care services.
