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Traditional long-term care policies can still work - MarketWatch

I recently wrote that the market for long-term care insurance, which was growing rapidly 20 years ago, has shrunk dramatically. When the market boomed, insurers bet that over time policyholders would let their policies lapse.

Instead, many more people who had long-term care insurance (which covers the cost of skilled care and assisted living or nursing home facilities) held on to their policies, and when they tapped into them to pay for care, insurers sometimes had to pay out benefits in the six-figure range. So, the companies...

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August 15, 2020 at 01:10AM
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Traditional long-term care policies can still work - MarketWatch
"traditional" - Google News
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