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Bankers Life Increases Premiums On Long Term Care Policies
Long term care insurance policies can be a prudent way for a family to plan for a loved one’s care. Unfortunately, the ability to plan in that way can be destroyed when the cost of such a policy suddenly increases. Bankers Life and Casualty Company, a major provider of such policies, has recently increased the price for many of its existing long term care policies. This price increase will substantially raise the premiums for people who currently own a Bankers Life long term care policy.
If you own or someone near to you owns a Bankers Life long term care policy, and such a price increase is of concern to you, we would be interested in discussing with you how best to ensure that your interests are protected.