Financial Planner Michael Dugal was recently quoted in an article by Financial Advisor Magazine for his insights on how high interest rates may impact long-term care (LTC) plans.
The article discusses how carriers of LTC insurance may be both positively and negatively impacted by high interest rates. While hybrid policies could possibly experience some new advantages, Michael explains that it's not so simple. He notes that despite the repricing of hybrid policies, we have yet to see an "across-the-board increase in benefits." In fact, the change has caused "some fairly significant disparity between different carriers.”
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Read the full article featuring Dugal here.