Telemus Blog

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

Written by Money | Nov 22, 2023 12:30:00 PM

 

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.