Comment on Bonnie Kraham: Long-term care insurance industry in turmoil

Bonnie Kraham: Long-term care insurance industry in turmoil

The long-term care insurance industry faces a period of turmoil, with many policyholders either reducing or canceling policies, and fewer people buying the coverage. As a result, long-term care insurance companies are changing their approach, leading to other options and trends for consumers.Sales for individual policies decreased by more than 75 percent in the last 10 years, and only 10 percent of long-term care insurance carriers still offer polices.

 

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