Article Abstract:
The need for long-term care (LTC) insurance has not been deeply ingrained in the public's mind. This was gleaned from the results of a survey of attitudes toward LTC insurance by UNUM Life Insurance Co of America, wherein 29% of respondents were certain that they already had LTC coverage. Since less than 1% of Americans own LTC insurance, this finding underscores the public's confusion about this type of offering. A number of misconceptions about LTC were also uncovered by the survey, including the costs of nursing homes, the number of nursing home patients and the level of government funding.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The life/health insurance industry experienced a positive trend of statutory earnings in the first nine months of 1995. This growth is attributed to lower interest rates in the second and third quarter of 1995, and a healthy stock and bond market. Capital gains totaled $4.68 billion, a $6-billion increase from the $1.32 billion loss during the same period of 1994. This growth in total capital gains results from a $4.94-billion increase in unrealized capital gains.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Several annuity writers are beginning to offer mutual funds. Different kinds of mutual funds can protect insurance companies from interest rate and tax changes that may take place in the future and affect interest in the variable annuity market. Distinctions among the insurance industry, financial services industry and investment management industry continue to fade.
User Contributions:
Comment about this article or add new information about this topic: