Another LTC Carrier Quits

Quote:

Rochester, N.Y.-based MedAmerica Insurance Cos., informed distributors ... that the group would discontinue sales of its long-term care and short-term care insurance products, effective Feb. 15 - less than five months after launching a new suite of long-term care products.

People need the coverage, government wants it sold, but it keeps getting harder for LTC carriers to make a buck. It's expensive, hard to price accurately, and not easily understood. Combo products are a good alternative, but don't work for everybody. :shake2:

Another LTC Carrier Quits