“Poor Performance of Long-Term Care Product Persists”


Poor Performance of Long-Term Care Product Persists,” by AM Best, Advisor Magazine


“Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report. The Best’s Market Segment Report, ‘U.S. Long-Term Care Product Performance Pressures Continue,’ states that poor performance from inadequate pricing is a significant issue for LTC insurers, owing to low interest rates, lapse rates, improving mortality, rising morbidity and policyholder utilization assumptions.”


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

More woe for now as LTCI adjusts for the future.