What’s Killing the Long-Term Care Insurance Industry

The long-term care insurance industry is in big trouble. Consumers aren't buying. Carriers are dropping out of the market. And those that are staying are raising premiums, cutting discounts,  and eliminating products--all of which are discouraging even more consumers from buying. What's gone wrong? The industry has two fundamental problems. A long-standing one--buyers are dropping coverage less often than the industry predicted. And a more [...]