Given how low interest rates are these days and how strict insurance company general portfolio rules are, this is is a challenging time for insurers to offer productions that pay inflation-adjusted benefit streams.
Long-term care insurance (LTCI) sellers who spent years re-living the traumatic congressional hearings of the 1980s, thundering about the crucial, life-or-death importance of the maximum available inflation protection, are now suggesting that, given how expensive inflation protection is for LTCI buyers, and how (let's face it) reluctant the insurers are to offer it, maybe customers should live without it.
LTCI carriers are promoting the idea that consumers can cope with inflation at a low current cost by paying for an option to buy more coverage in the future.
