“The long term care insurance industry is barely 30 years old. While some of the early years have been painful, we have accumulated a wealth of information concerning the true nature of the risk we are insuring. Armed with this new knowledge, the way to a bright future is becoming clear.
The quest to find the appropriate balance between the desire to soften the financial and emotional impact of a chronic illness caregiving event and the reality of our evolving understanding of the nature of the claim itself has kept us all busy since the advent of the modern tax-qualified insurance offering. With the depth of claims experience now available, our recognition and evaluation of that rapidly expanding experience and knowledge base now allows…”
Click here for the full article, originally published in the November 2016 edition of Broker World Magazine.