Interest in life combo products spikes
LIMRA survey finds pandemic has shifted perceptions about long-term care and life insurance.
Recent Long-term Care Insurance News
Genworth terminates merger agreement with Oceanwide
After 4 years and 17 different delays, Genworth pulls plug on $2.7 billion deal to focus on revised strategic plan.
NAIC Reveals 5 Regulatory Priorities for 2021
LTCI regulation and consumer data privacy among a handful of topics on the radar of state regulators.
Home care dominates majority of long-term care insurance claims
New study from AALTCI finds 70% of LTCI claims begin at home; most also end there.
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.
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.