Long-term-care insurance isn’t dead, according to a 2018 Wall Street Journal article, instead it is being used as an estate-planning-tool. Today Americans are more interested in hybrid policies and these policies are reshaping the U.S. insurance industry.
When LTC insurance first came about in the 90’s, middle class Americans were insurer’s target market. Pitching policies that would hopefully save the average American from exhausting their life savings or depending on Medicaid or their children. Considering LTC insurance is important, once you hit your 50’s, but especially the costs. Waiting to buy insurance isn’t an option once you already have a debilitating[…]