Genworth Long Term Care Insurance Acting Like a Leader, Says AALTCI
Summary
"It is impossible to price a product today and predict economic and health changes over the next 30 years," Slome cites, "which is exactly what current regulation requires for long term care insurance.An identical approach not just makes sound financial sense but will expand the private long term care insurance market by reducing the cost to purchase at younger ages.Los Angeles, CA, December 07, 2013 --( PR.com )-- Long term care insurance remains one of the most misunderstood insurance products in the financial marketplace and one that is in desperate need for leadership declared the head of the American Association for Long Term Care Insurance.Speaking to a group of industry leaders, Slome remarked that yesterdays Genworth call to investment analysts may mark the turning point for the industry."It is impossible to price a product today and predict economic and health changes over the next 30 years," Slome cites, "which is exactly what current regulation requires for long term care insurance.An identical approach not just makes sound financial sense but will expand the private long term care insurance market by reducing the cost to purchase at younger ages.