Should you buy Hybrid or Traditional Long Term Care Insurance?
The Go-Go 1990’s
The year was 1999 and like the dot-com era of companies such as Pets.com, things were sky high for the Long Term Care Insurance Industry and the financial industry in general. Banks and Insurance companies were flush with cash and interest rates were at a normal 5%-6% range for things like CD’s and the 10-year US Treasury. The fixed interest rate market was critical for for these Long Term Care Insurance companies offering the at the time rich benefits for the premium dollar.
Insurance companies are required by the State Insurance Commissioner’s office to put a large portion[…]