Hybrid long-term care contracts using annuities gain industry support

Innovative approaches to providing long-term care involving annuities, life insurance and other savings products are gaining industry acceptance, said Teresa Miller, Pennsylvania insurance commissioner and chairman of a National Association of Insurance Commissioners committee looking into long-term care insurance. "If we break down some barriers to allow for more innovation, but also maintain consumer protections, then that's part of the conversation we want to have," she said.

Employee Benefit Adviser (7/8)