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Long-Term Care Insurance: What are the Opportunities?

different produCts, similar patterns In the 1980’s, individual disability (IDI) sales climbed. Economic ... risk while still making a good profit. By the 1990’s, conditions were no longer favorable for IDI carriers ...
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Description: The Long-Term Care Insurance market is evolving. Parallels can be drawn between the current product cycle of standalone LTCI and past experiences of other insurance products. Over the last decade, the LTCI market has shifted to include a greater presence of non-standalone LTC insurance. Individual LTCI sales have been on the decline, while life-LTCI combination products have been on the rise. Because of this, many perceive that the life-combination products are taking over the LTCI market and replacing standalone LTC insurance. While life-combination products meet the LTC needs for policyholders, they may not be a good fit for all consumers in this market.
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- Authors: Catherine Ho
- Date: Apr 2014
- Competency: Strategic Insight and Integration>Big picture view
- Publication Name: Long-Term Care News
- Topics: Life Insurance>Marketing and distribution - Life Insurance; Long-term Care>Long-term care insurance

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