Long-term care insurance still has a bright future, LTC Financial Partners said in a statement following MetLife's exodus from the LTCI market last week.
MetLife announced on Nov. 11 it will no longer sell new long-term care insurance policies for individuals after Dec. 31, and will no longer be accepting new enrollments into existing group and multi-life LTCI plans.
"It wasn't the end of the world," said Cameron Truesdell, LTCFP's CEO. "The industry is not in decline. Quite the opposite. Our best days lie ahead."
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