Life insurance underwriters are the Cassandras of the business world.
The gods have wrapped them in a thick blanket of “insurance is boring” to keep people from grasping what their projections mean.
Long-term care insurance (LTCI) underwriters and claims administrators live on an even more rarefied plane. They aren’t just frighteningly good clairvoyants; like people with homes in Brevard County, Fla., they already live in the future.
The future is a place with a few pretty rocket launches, many overgrown launch pads, and a lot of gray hair.
Members of the LTCI community have also discovered that what they thought would be true is true, and the future is a place where huge numbers of people, benefit plans, etc. have not bothered to make serious efforts to save or otherwise prepare for the Aging of the Boomers, reach the Time of the Change, and look at to the sky like innocent baby birds, chirping, ” Feed me!”