Rising Expenses Makes Long-Term Care Insurance a Challenge

In the process of selling the policies, the company had greatly underestimated the future costs and the number of policy-holders who would make claims. GE has estimated that these old liabilities will result in the need to pay $6.2 billion, for which it had not planned.

That is why it is difficult and expensive to get long-term care insurance. It is very difficult for insurers to estimate future claims.

An elder law attorney can advise you on options for long-term insurance care.