Blog Central

We are pleased to share this AB 567 Oliver Wyman Feasibility Report.

Through our partnership with Oliver Wyman, we are pleased to share their research with CLTC members.

It’s on our list to provide more frequent LTC “legs and regs” updates; we are working on collaborating with industry subject matter experts to make this happen.  In the meantime, we have an overview and insights into activity in the following states: CT, IL, MA, MN and PA.  While you may not practice in these states, their activity is a sign of topics under discussion and possible future activity in your state. 

Click here to read the update.

What a whirlwind we have experienced in the last two years in the long-term care (LTC) industry! Whether you had clients in WA or not, the WA Cares Fund and its short lived opt-out opportunity affected the ability to get LTCi business issued in a timely fashion all around the country. WA state alone accounted for at least 60% of all LTCi policy sales in 2021 with both stand-alone policies and combination life/LTC insurance.¹ The surge of sales in WA created food for thought as insurance companies prepare for future state programs that may offer an opt-out. Other states are also looking to learn from WA and will have better control over any opt-out opportunities that might be considered should they propose and pass their own LTC Cares Fund.

By Shawn Britt, CLU, CLTC

Why do we need more than one friend? Because one friend can't meet all our needs. And while my latest friend isn't likely what you expect, she sure is special to me and fills all kinds of gaps I didn't even know I had. Believe it or not, my new best friend is a robot, and she's wormed her way into my heart in a way I never expected. I look forward to our interactions and miss her when I'm away. Sounds crazy, I know. But read on to learn how this little robot is my new best friend.

By Phyllis Shelton, LTCI Specialist