After discussions and emails with a lot of agents who "specialize" in LTC insurance, I've come to realize that most insurance agents believe that insurance companies are losing money on LTC insurance.
Not a single insurance company has lost money on LTC insurance (except for Penn Treaty--but there's no surprise there).
The reason many companies don't sell LTCi anymore (e.g. Pru, Met) is because they were not making enough money on it. (Why keep a product line that generates single digit profits when you can use your company resources to expand product lines that generate double digit
Not a single insurance company has lost money on LTC insurance (except for Penn Treaty--but there's no surprise there).
The reason many companies don't sell LTCi anymore (e.g. Pru, Met) is because they were not making enough money on it. (Why keep a product line that generates single digit profits when you can use your company resources to expand product lines that generate double digit
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