Today, there are 13 companies selling long term care insurance. The long term care insurance market is expanding. In the summer of 2016, a 106-year old insurance company that had never sold long term care insurance “jumped into the market” and started selling a very innovative product. Two highly-rated insurance companies, that had stopped selling long term care insurance several years ago, are now selling it again.
In most states consumers have MORE choices for long term care insurance than they do for medical insurance or disability insurance. What does that say about the viability and future of the long term care insurance market?