As the long-term care insurance industry matures, significant changes have been underway in recent years in the companies that offer LTC insurance and the nature of the policies available. These trends have been exacerbated by an ongoing low interest rate environment, and unexpectedly high retention of existing long-term care insurance policies as the need for coverage grows. In this webcast, Michael Kitces will review the recent trends and developments, from consolidation in the industry and the elimination of lifetime benefits and limited-pay premium options, to the rising popularity of new hybrid LTC insurance contracts that pairs the coverage together with a life or annuity policy as a new form of “asset-based” long-term care protection.

Learning Objectives

Attendees will of this webcast will be able to:

• Explain why Long-Term Care (LTC) insurance providers are struggling with profitability
• Discuss ways in which LTC insurance providers might be able to regain their profitability
• Describe how Hybrid LTC insurance policies work and explain the differences between the two versions of Hybrid LTC insurance policies
• Understand when it may be useful for a client to purchase a Hybrid LTC insurance policy and discuss the tradeoff risk of buying a regular LTC insurance policy and investing the rest
• Identify and list the caveats and concerns of hybrid LTC insurance policies

Field of Study: Specialized Knowledge & Applications

Level: Intermediate
Prerequisites: None

PFP, PFS, TAX, and PCPS Section Members save even more:
When you log into this website with your AICPA member account, the section discount will be automatically applied during checkout. Section discounts cannot be combined with any other offer. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org