Combination Products Giving Life Back to Long-term Care Market
Even though people value long term care insurance, LIMRA research shows stand alone individual long term care insurance sales have declined 60 percent since 2012.
LIMRA Research Finds Nearly Two-Thirds of Consumers Think Long-term Care Insurance Is Important
According to the U.S. Department of Health and Human Services (HHS), more than half (52 percent) of Americans turning 65 today will develop a disability serious enough to require long-term care services. LIMRA research finds 52 percent of consumers say they personally feel they need long-term care coverage, but only 15 percent say they actually have it.
Combination Life Insurance Products Post Significant Growth in 2010
WINDSOR, Conn., June17, 2011 — Following strong double-digit growth in 2009, new premium sales of individual life combination products jumped 62 percent in 2010, reaching $1.2 billion, according to LIMRA’s research.
Interest in Combination Products Growing, Especially Among Millennials
In the 2016 Insurance Barometer, nearly 6 in 10 consumers said paying for long term care services was a financial concern, for 10 percent it was their top concern.
Individual Long-Term Care Insurance Sales Continue to Gain: LIMRA
Windsor, CT, September 25, 2007 — Individual long-term care insurance (LTCI) sales continue to hold their own, with a two percent gain in new premium sales, according to the second quarter survey results from LIMRA International.
LIMRA Study: The Number of Individual Life Combination Products Sold Increased in 2014
New premium collected falls after five years of consecutive growth.
LIMRA Study: Individual Life Combination Products Record Fourth Consecutive Year of Double-Digit Growth in 2012
WINDSOR, Conn., May 14, 2013 — Individual life combination products grew 10 percent in 2012 — the fourth consecutive year of double-digit growth — according to LIMRA’s 2012 Individual Life Combination Products Annual Review.
LIMRA Study: Individual Life Combination Products Record Fifth Consecutive Year of Double-Digit Growth in 2013
WINDSOR, Conn., May 27, 2014 — Individual life combination premium grew 12 percent in 2013 — the fifth consecutive year of double-digit growth — according to LIMRA's 2014 Individual Life Combination Products Annual Review.