Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance

Lawyer Criticizes LTC Trust Concept

Your article was successfully shared with the contacts you provided.

Frank Darras says letting insurers cope with long term care insurance liabilities by putting policies in a separate trust will backfire.

Darras, an Ontario, Calif., lawyer who often represents plaintiffs in suits against insurers, notes that an LTC insurer has been trying to set up an LTC policy trust in Pennsylvania.

“Boomers beware, this is just the beginning,” Darras says in a commentary about the trust.

If efforts to set up the trust to succeed, “the template for other insurers to dump their poorly performing long term care blocks will be set in stone,” Darras contends.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.