“Is Long-Term Care Insurance Still Viable? Key Considerations for Retirees and Advisors,” by David La Martina, ThinkAdvisor
“From premium hikes to low cost/benefit perceptions among investors, there are myriad reasons why LTCI might be losing its luster. Given the alternatives that have emerged, many clients and advisors are questioning whether traditional LTCI is still viable. . . . Even with all of its downsides, traditional LTC is still a good choice in some cases. One advantage of LTCI is greater LTC-specific coverage per dollar spent, so it may be a wise choice for upper-class clients with significant assets to protect.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The irony in all the negative coverage of LTCI is the lack of coverage of the impending doom of the government entitlement programs that LTCI could help save.