Never miss any update

Subscribe to the Advisor's View of Long-Term Care Planning newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

Mar 17, 2014 • LTCI Partners

Why it might be a smart time for carriers to enter the LTC market

With LTC sales down in 2013, why are some insurers who currently don't sell LTC visiting the Intercompany LTC Insurance conference in Orlando and considering entering the LTC business now?

The reason is timing.  Today's products, priced with low interest and lapse rate assumptions could prove to be very profitable for carriers.  Some newer carriers also aren't saddled with a large block of in-force business that needs constant managing and in-force premium increases.

New LTC insurers can also develop a product quickly because they can outsource help on pricing, administration, underwriting, claim payments, and distribution.  All of those resources are well represented at the Private LTC Conference (www.iltciconf.org) .

Don't be surprised to see new LTC carriers later this year.

 

Written by LTCI Partners