The long-term-care (LTC) insurance industry has gone through a wave of changes recently, the seemingly dwindling demand re-surging in response to the pandemic. Despite stricter underwriting requirements, more people are applying for LTC coverage to protect against the costs associated with lasting health complications.

In addition, recent economic turbulence is making some applicants re-evaluate their financial stability. "Those who felt confident that they could pay for LTC out of pocket are no longer as confident and therefore are looking at LTC insurance," managing director Michael Zovistoski said.


Read the full article published by Financial Advisor Magazine.