State Farm Insurance may have quietly pulled out of some state long-term care insurance (LTCI) markets.
The American Association for Long-Term Care Insurance (AALTCI) recently reported that it has heard that the policyholder-owned mutual insurers has stopped selling LTCI coverage in Arizona, California, Connecticut, Hawaii, Indiana, Nevada and New York.
States have not posted filings about withdrawals from markets online, and the company did not respond to a request for it to comment on the AALTCI report.
The “get a quote” tool on the company’s website says, “We are not currently offering long-term care insurance in your state or province,” in response to queries about the companies on the AALTCI list.