“Long-term care insurance: Buyer beware,” by Elliot Raphaelson, Chicago Tribune

“Many insurance companies offering LTC policies have either gone out of business or discontinued selling the policies. Most of the companies that remain in the business have taken steps to increase premiums for both existing policyholders and new customers. … The bottom line is that anybody considering buying a standard LTC policy should understand that there is no guarantee that these premiums will be fixed. Prospective policyholders should determine the past history of the company regarding receiving approved premium increases.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

More of the same unquestioning media conventional wisdom that we’ve taken pains to rebut in LTCI Expert Fights Back, February 2, 2018; LTCI Under Fire, January 26, 2018; Three to Get Ready, January 19, 2018; and Don’t Buy LTCI?!, January 12, 2018. Will they never learn? You might forward this clipping to this article’s author in case he’s still open to evidence and reason.

Long-term care insurance: Buyer beware

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#long-term
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