|
Increase attributed to low interest rates, longer life expectancies and lower-than-anticipated policy lapse rates.
This week, Employee Benefits News reported that insurance agents can expect a significant increase in long-term care insurance premiums this year. The publication cites a report by Jeff Lane, an analyst for A.M. Best Co., indicating that a combination of ultra-low interest rates longer life expectancies for LTCi and a low lapse rate among policyholders is causing many carriers to seek higher premiums. Independent agents may wonder how to explain the rate increase to a customer. MORE...
0 Comments
Leave a Reply. |
The BizWe cover all the latest news concerning local, state and sometimes national views concerning your coverage options. ArchivesCategories |

RSS Feed