Life combination products grew 56 percent in 2011, according to LIMRA’s “2011 Individual Life Combination Products Annual Review.” This was the third consecutive year of double-digit growth.
“With so much uncertainty in the stand-alone long-term care insurance (LTCI) market, consumers under 50 — looking for a way to cover a portion of long-term care costs — are turning to acceleration combination products as an affordable alternative,” said Elaine Tumicki, corporate VP and director LIMRA product research.
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