Life-LTC Hybrid Sales Level Off: LIMRA

July 29, 2019 by Allison Bell

A shift in how U.S. residents pay for products that combine life insurance with long-term care (LTC) benefits may have disrupted U.S. individual life-LTC sales figures in 2018.

LIMRA analysts talk about the effect of the payment shift in their latest U.S. individual life-LTC market report, which is based on a survey of life-LTC policy issuers.

LIMRA calls its report an “individual life combination product” report, because it combines data for individual life insurance policies that provide true long-term care (LTC) benefits with data for individual life policies that are designed to pay benefits when an insured suffers from a chronic illness.

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Originally Posted at ThinkAdvisor on July 22, 2019 by Allison Bell.