Monday, February 06, 2006

 

Long Term Care Insurance-Rising Opportunities, But Still In Search Of Sustained Profitability

The Long Term Care Insurance industry is maturing but still searching for sustained profitability as it works to market a complicated product offering, according to a new study by Conning Research and Consulting, Inc.

"Long Term Care Insurance has begun to break out of its limited
distribution network, and is increasingly being understood to be part of a
financial planning and lifestyle planning program, which may well be the path to sustained profitability," said Stephan Christiansen, director of research at Conning Research & Consulting. "Yet the Long Term Care Insurance industry is sorting through a number of issues, including product and actuarial complexity, high producer compensation, and evolving consumer perceptions."

Long Term Care Insurance-Rising Opportunities, But Still In Search Of Sustained Profitability
Source: PR Newswire

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