Kitces: Help clients weather LTCI premium hikes

12/5/2012 | Nerd's Eye View blog

Clients with long-term-care insurance may be surprised to see their premiums rise in response to challenges facing that industry, but the increases can be managed, Michael Kitces writes. Clients can simply pay the increase or cancel the policy, or they can consider a reduction in the daily benefit amount, the benefit period or the benefits inflation rate, Kitces writes. Older long-term-care policies are generally less expensive than a comparable new policy, he notes.

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