Underwriting for stand-alone long-term care insurance (LTCI) might be tougher for older applicants now than it was five years ago.
That’s the assessment of Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI).
(Related: The Largest Individual LTCI Claim of 2018)
Slome is now analyzing preliminary LTCI survey data.
Many people try to apply for LTCI after age 70.
Slome has not yet put underwriting data for older LTCI applicants in the same, apples-to-apples categories.
But he says he believes the decline rate for all applicants over 70 is now close to 50%.