My group, the American Association for Long-Term Care Insurance (AALTCI), has been releasing annual reports on long-term care insurance (LTCI) carriers’ largest open claims.
Over the years, we have told many consumers, and general interest news reporters, that high-quality LTCI policies can be a great investment for purchasers who end up needed care for many years.
The numbers in our latest largest-claim update show how right we were.
Seven insurers told us about the largest claims they still had open as of Dec. 31, 2018.
At each of those insurers, the largest open claim was for more than $1 million.