Premium for long-term care insurance prone to increases

Charles and Carolyn Hunt were proud of themselves when they bought long-term care insurance policies in 2000. The Dallas couple, who are in their 70s, thought they had found an affordable way to cover the high cost of nursing care if they someday needed it... Three hefty premium increases later, they're having their doubts.

AIG Life Insurance recently notified the couple that the new monthly premium on each of their policies will be $382 - 70 percent more than the $223 a month they each paid when they first purchased the long-term care insurance...

Philly: Premium for long-term care insurance prone to increases