Hybrid LTC To The Rescue?

April 6, 2021 by Tracey Longo

The long-term-care insurance industry is bleeding. Can hybrid policies save it?

Traditional LTC insurance policies are in trouble—the industry has had to spike premiums as it struggles to make good on guaranteed benefits to its customers—at a time when interest rates are near zero and insurers can’t depend on higher rates to support benefits. For these reasons, the issuance of new long-term-care policies fell from 750,000 policies per year in 2002 to just 55,000 in 2019.

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Originally Posted at Financial Advisor on April 1, 2021 by Tracey Longo.