Analysts at Fitch Ratings whack long-term care insurance (LTCI) hard in a review of the statutory results of U.S. individual LTCI operations.
The analysts at Fitch, Chicago, head the review with the assessment, "Unfavorable Results; Uncertain Outlook."
"The need for long-term care insurance is well-documented," the analysts write. "The graying of America is expected to accelerate with the baby boomer generation starting to turn 65 beginning in 2011."
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
