NU Online News Service, March 26, 2003, 3:13 p.m. EST – The American Council of Life Insurers, Washington, has published "Passing the Trust to Private Long-Term Care Insurance," a report that describes the current state of the LTC insurance industry, says LTC insurance has become a mainstream product, and argues that the federal government ought to encourage Americans to buy it.
The authors of the report note that at least 22 states offer LTC insurance to their employees, and that more than one-third of big companies offer LTC insurance as an employee benefit.
U.S. life insurers have already paid out more than $11 billion in LTC benefits, the authors add.
