Why High Interest Rates Are Good News for Long-Term Care Insurance

    | November 22, 2023

     

    The long-term care insurance industry is experiencing greater stability due to the recent rise in interest rates. This improved economic climate has enabled insurers to secure more predictable premiums for policyholders. Today's long-term care insurance premiums are higher but more stable than in the 1990s and early 2000s due to better underwriting and more responsible pricing, along with a more favorable bond market, according to Todd Wolfe, a senior insurance associate.

     

    Read More

     

    The article provided above, and the information contained within, is from a third party source, which we believe to be reliable, however Telemus cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. The author of this article is Pete Grieve of Money which is owned and operated by an independent third-party. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Telemus Capital. All opinions expressed in this article are for general informational and/or educational purposes. These opinions are subject to change without notice and are not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Telemus Capital, LLC is a federal registered investment advisor whose main office is located in Southfield, Michigan.  SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Telemus Capital does not provide tax, legal or accounting advice, and nothing contained in these materials should be relied upon as such.

    New call-to-action
    New Call-to-action