Individuals who purchase a new long-term care insurance policy face little if any chance of a future
rate increase according to a study of pricing experts released Sept. 17 by the American Association for Long-Term Care Insurance (AALTCI).
“Policies priced years ago using different assumptions have seen rate increases so consumers today assume they face the same risk,” says Jesse Slome, director of AALTCI. “That’s simply not the case.”
The Los Angeles-based national organization just released results of a poll of actuaries across the long-term care insurance industry.