“Helping elderly gain financial security,” by Zhang Yue, China Daily
“In old age, most people need something to rely on. For the Chinese, that’s generally been family and a State pension. Yet the central government has shown it wants the commercial endowment insurance sector to help more with ensuring the nation’s seniors are financially secure in their twilight years. The State Council unveiled an array of incentives and guidelines aimed at boosting the sector at an executive meeting presided over by Premier Li Keqiang on Wednesday. . . . The government will encourage innovation in private insurance services to create tailored products for individuals and families, the statement said.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
China gets it. Why can’t we?
Helping elderly gain financial security