MetLife Inc. announced that it will discontinue the sale of new Long-Term Care Insurance (LTCI) coverage following an extensive review.
The insurer says that it will continue to accept new applications for individual LTCI policies received on or before Dec. 30, 2010. Additionally, in 2011, MetLife will discontinue new enrollments into existing group and multi-life LTCI plans. Timing will vary based on existing contractual obligations.
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