The REAL Reason Long-Term Care Insurance Sales are Dropping
The number of long-term care insurance policies has increased from 4.5 million in the year 2000 to over 7.1 million today. However, sales of new policies have declined 14 of the last 15 years. Last year only 90,000 new long-term care insurance policies were purchased.
There are several reasons for the decline in new sales, but there’s one main reason: The insurance industry does NOT want you to buy long-term care insurance.
Not the entire industry, but most of the insurance industry does NOT want you to buy long-term care insurance. They want you to buy life insurance instead.