Long-Term Care Insurance Getting Attention

Long-term care insurance (LTCI) is an expensive and complicated product. It's sold by a shrinking number of financially challenged insurers and subject to differing state rules that aren't always effectively enforced. Consumers have faced large rate increases, and complaints about industry sales practices and claims denials are on the rise. No wonder that private LTCI paid for only 7 percent of the nation's long-term care bill in 2007. Why would anyone want to buy this product? ...

USN&WR: Long-Term Care Insurance Getting Attention