Experts: Complexity, pricing pose challenges for LTC insurance

Consumers often see long-term-care insurance as confusing and costly, and insurers have had difficulty making a return on investment from selling such policies, experts say. But Jesse Slome of the American Association for Long-Term Care Insurance disputes a study that says more than one-third who have LTC policies at age 65 will eventually let their policies lapse, saying it relies on obsolete data. The New York Times (free-article access for SmartBrief readers) (12/18)