Monday, April 23, 2007

 

LTC Industry Needs to be Investigated

Insurance companies have been selling the concept of long-term care for many years, seeing it as a profitable new avenue, though not profitable enough to keep some from dropping the product.

Now questions have been raised about the practices of some companies that sell LTC policies. They have been accused of refusing to pay apparently legitimate claims, according to a recent story in The New York Times.

LTC Industry Needs to be Investigated
Source: Investment News (subscription required)

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