“More Universal Life Comes With Long-Term Care Riders: Milliman,” by Allison Bell, ThinkAdvisor
“More universal life insurance (UL) policies may be coming with chronic illness riders, and more indexed universal life (IUL) policies may be coming with long-term care riders. Susan Saip and Carl Friedrich, actuaries at Milliman, have published new data on the market for UL and IUL benefits in a new survey report summary. … A copy of the new Milliman universal life and indexed universal life survey report summary is available here. An article about an earlier Milliman UL/IUL survey report is available here.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
There’s nothing like a virus pandemic to get people’s attention about planning for big risks. Let’s not call it a silver lining, but you might as well make hay while the sun shines.