Rising Interest Rates Will Benefit Long Term Care Insurance Market Forecasts AALTCI
Summary
Los Angeles, CA, December 23, 2015 --( "Most experts expect long-term interest rates will rise in the coming years," states Jesse Slome, executive director of the American Association for Long Term Care Insurance (AALTCI)."Interest rates have been at historic lows since then, which has especially impacted savings accounts, CDs, annuities, life and long-term care insurance products," he notes.Los Angeles, CA, December 23, 2015 --( PR.com )-- The decision by the Federal Reserve to raise short-term interest rates for the first time since the financial crisis will have a positive impact on long term care insurance companies and the products they offer."Most experts expect long-term interest rates will rise in the coming years," states Jesse Slome, executive director of the American Association for Long Term Care Insurance (AALTCI)."Companies currently offering LTC insurance policies will earn more money on the reserves they set aside to pay future claims," Slome explains.