LTC insurance demand would rise with product changes, NAIC says

A National Association of Insurance Commissioners report encourages shifts in the benefits and financing structure of long-term-care insurance policies to improve sales. The recommended changes include creating shorter-term and high-deductible policies, offering tax credits for long-term-care expenses, and waiving penalties for retirement-plan withdrawals to pay for long-term-care insurance.

InsuranceNewsNet online (6/15)