Long-term care insurance was supposed to be protection against impoverishment if people became unable to care for themselves.

It was a popular policy to have to protect retirement, lest one find oneself unable to pay for the care required to cope with diseases and infirmities of age—or even for younger people who might be felled by catastrophic injury.

But, The Wall Street Journal reports, the days when the purchase of an LTC policy brought relief are over.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.