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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 28, 2009 at 08:00 PM
Sales of individual long term care insurance policies were down in the first quarter, according to LIMRA International.
New LTC insurance premiums fell 34%, to $103 million in the first quarter, down from $154 million in the first quarter of 2008.
New lives covered fell 32%, to 48,438, from 69,316.
“Even on the best of occasions, long term care has been struggling to grow,” says Catherine Theroux, a spokeswoman for LIMRA, Windsor, Conn. “In this economy, it has been hit especially hard.”
Individual LTC policy sales have dropped almost every year since 2003, according to LIMRA data.
In 2007, new premiums did increase 3%, despite a 1% drop in new lives covered.
Last year, individual sales resumed their decline, with new premiums falling 7% and covered lives falling 9%.
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