Some Good News (at Last) for Long-Term Care Insurance

Insurance companies are reaping the benefits of high interest rates due to an industry practice of investing portions of premiums in fixed-income securities until it's needed to pay claims. For long-term care (LTC) insurance providers, this is a much needed boost for a segment in high demand - both in policies and claims.

Partner F. Michael Zovistoski noted this easing of standards as good news for people seeking to purchase a policy, but also that it takes time to see effects on the consumer end of the marker. "The LTC insurance market continues to struggle,” he said. “We are seeing fewer new policies being written."

Read the full article published by Financial Advisor Magazine.