The financial woes of long-term care insurers are escalating. Genworth Financial recently announced material weakness in its long-term care unit. Rising medical costs, improved longevity and continued low interest rates are taking a toll on an industry many clients will rely on to take care of them in old age. How will that play out in a couple of decades when clients start cashing in on their expensive long-term care insurance?
Read more: 11 Tips on Long-Term Care as Rates Rise
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