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"The cause of the customer satisfaction decline is not difficult to find--sharp increases in premium costs and deductibles are to blame,"

In the past year, 20 percent of employees added a new voluntary coverage through their employer

Results of Prudential's fourth biannual Long-Term Care Cost Study, which tracks cost trends and consumer perceptions surrounding the long-term care category.

According to a recent research analysis published by the Center for Retirement Research at Boston College (CRR)uninsured health care costs will exceed $295,000 - well more than most couples can afford.

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.

To add more value to employer benefits, employees expect more paid voluntary benefits at a time when more employers are placing the financial burden on employees because of the down economy.

Closures and smaller cost increases at many long-term care facilities were brought on by the 2008-2009 recession, according to the Newark, N.J.-based Prudential Financial Inc.'s bi-annual 2010 Long-Term Care Cost Study.

American International Group announced Monday it has reached an agreement to sell its international life and health insurance unit Alico to MetLife for approximately $15.5 billion.