LTC rate hikes coincide with Awareness Month

Published Updated 4 Min Read

Long-term care (LTC) insurance is back in the headlines, with several leading insurance carriers seeking rate increases to help offset investment shortfalls in an ultra-low interest rate environment and greater-than-expected plan usage.

John Hancock, American International Group Inc., MetLife Inc. and Lincoln National Corp. recently applied for or received approval in one or more states for rate increases ranging from 10% to 40%.


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