Critical New Trends in Long-Term Care - Retirement Watch - Investment Strategies, Analysis & Intelligence for Seasoned Investors.

long term care industry trends

Many people do not realize that long-term care insurance has been a mainstream product only since the 1980s. It still is evolving, and insurers are learning more all the time. Also, there are dramatic changes occurring in the population and in medical care that affect the pricing and terms of long-term care insurance. In this visit we review critical recent changes and discuss how you should respond.

Younger people are recognizing the need for LTCI, because the average age of someone purchasing LTCI now is 58. It was 67 in 2000, according to a committee of the National Association of Insurance Commissioners. This trend could be because many policies now are purchased as part of employer or group plans rather than as individual policies.

The age of claimants under policies also might be fal... http://auto-insurance.ucoz.com/news/long_term_care_industry_trends/2013-06-03-2981