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Just read the newsletter from Penn Treaty regarding their LTC policies.
Seems they are going to eliminate offering lifetime/unlimited benefit policies. Cited this is the going trend. Wow...guess that life expectancy being extended longer and longer is not so hot actuarially for LTC co's. LOL....So is this another attempt to shake money from the family tree, instead of letting insurance or medicaid planning take the hits?
I've also heard alzheimers is on the increase. Will aging baby boomers bring marijuana impaired claimants to the table?
Was curious if other companies are limiting their benefits in this arena?
Seems they are going to eliminate offering lifetime/unlimited benefit policies. Cited this is the going trend. Wow...guess that life expectancy being extended longer and longer is not so hot actuarially for LTC co's. LOL....So is this another attempt to shake money from the family tree, instead of letting insurance or medicaid planning take the hits?
I've also heard alzheimers is on the increase. Will aging baby boomers bring marijuana impaired claimants to the table?
Was curious if other companies are limiting their benefits in this arena?