LibraryScenariosWhen Long-Term Care Insurance Becomes Unaffordable
Scenario

When Long-Term Care Insurance Becomes Unaffordable

I have been paying into long-term care insurance for fifteen years and just learned that the company can raise premiums whenever they want and many people end up canceling.

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The coach is replying

More people experience this than they realize.

What we've seen

The insurance you counted on can raise its price whenever it wants and leave you with nothing.

Ideas that help explain it
Worth thinking about

“Where Are You with Consumer — Insurance Practice?”

If this sounds familiar, the Library can help you find the bigger picture.