Can Covid-19 the outbreak affect long-term care (LTC) insurance?
COVID-19 & Long Term Care According to Genworth, which issues LTC policies, premiums for existing policies can't be raised for specific customers due to individual circumstances. However, rates can be subject to periodic group increases based on an insurer's claims history, or actuarial projections for future claims.For example, using claims or actuarial data, insurers can ask [...]