Premiums could rise as much as 40 percent, if some insurers get their way. Policyholders are living longer and holding on to LTC policies instead of letting them lapse.
Insurer John Hancock Financial is asking state regulators for an average 40 percent increase in premiums, according to an article in The Wall Street Journal. Other insurers, including American International Group, Metlife, and Lincoln National, have applied for increases, with some already being approved.
Read more in The Wall Street Journal.
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