Is LTC Insurance Dead?

[Mr_Ed]

Met Life has decided to get out of the individual disability market. Does that mean that disability insurance is dead? Of course not.

But, when Met Life decided to stop selling LTCi, everyone concluded that it meant that LTCi was dead.

 

[Duaine]

LTC isn't dead it's resting: https://www.youtube.com/watch?v=4vuW6tQ0218

 

[Justin Bilyj]

LTC isn't dead it's resting: https://www.youtube.com/watch?v=4vuW6tQ0218

Resting and waiting for the government to step in and subsidize care..

 

[Agent003]

Government will take care of it...

 

[highrise]

Government takes good care of all. I believe in the government

 

[xrac]

Maybe not dead but perhaps dying??????????

 

[scagnt83]

Maybe not dead but perhaps dying??????????

Perhaps a very slow death spiral... unless agents and insurers can convince more people to purchase it and at younger ages. I think the future is in hybrid products if the current trend does not change. But there will always be something out there, just not sure what it will end up looking like.

 

[Arthur Rudnick]

LTC insurance is no longer a product for the middle class consumer. It is now for the upper, middle class. It is not dead, but the target audience has shrunk.

 

[Mr_Ed]

LTC insurance is longer a product for the middle class consumer. It is now for the upper, middle class. It is not dead, but the target audience has shrunk.

That may be true for the original partnership states.

The DRA Partnership states have products that are perfect for the middle class. A 61 year old couple can protect a quarter million of their assets for about $100 per month per spouse.