In the last five years, 10 of the 20 largest writers of long-term care have left the market. John Hancock isn’t leaving the long-term care business, but it is asking each state to raise the premiums for existing customers by an average 40%. The exodus and rate hikes are due to a perfect storm of historically low interest rates, policy holders living longer, and policy holders not dropping coverage at the rates the insurance companies expected. Customers unable to afford the increases will drop their coverage and possibly look to Medicaid to pay for their care.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
The power of radio is within your reach!
Retirement Redline: Maximize client trust with exceptionally helpful support.
Find out another way to tap into this growing market.
Jun 29, 2017
Join this complimentary webcast to dive into the imperative demand benefits professionals, employers, and HR representatives must meet when it comes to customizing benefits packages,...
Jun 28, 2017
Clients want to discuss health care costs in retirement. We can help break down options and costs so your clients can better prepare.
Jun 20, 2017
Join this complimentary webcast to discover how the top three SMA Mangers of the Year beat their peers by consistently delivering alpha.