Tag: policies lapse

Rear,Back,View,Of,Young,Female,Doctor,Physiotherapist,Caretaker,Help

The brief’s key findings are: More than one quarter of those who buy long-term care insurance at age 65 will let their policies lapse at some point, forfeiting all benefits. Lapses could be due to the burden of insurance premiums, a strategic calculation that care use is less likely, or poor decisions due to declining…