Trusts and Estates > Insurance > Long-term Care Lawsuits Will Just Keep Coming

Mar 1, 2009 12:00 PM

Long-term Care Lawsuits Will Just Keep Coming

, By Beth Slagle & Richard T. Victoria

By Beth Slagle & Richard T. Victoria

Many long-term care (LTC) insurance carriers are facing an avalanche of lawsuits from disgruntled policyholders,1 some involving policies more than two decades old. Given the number of policies sold, increased life expectancies, and the inevitable aging of Baby Boomers, expect more to come.

A number of factors is likely causing this increase in LTC lawsuits. The popularity and sales of LTC policies has risen significantly since the 1980s. The first individual policies for LTC insurance were written in the early 1980s.2 But, as of 2000, about 4 million Americans held private LTC insurance — and this number generally grows each year.

Sign in to
view the full article



Remember Me

* Forgot Username/Password?

* Magazine Subscribers Get Your Login

Not a subscriber?

  • Subscribe & Save

    Get immediate access to Trust & Estates online

  • Subscriber Benefits

    Learn more about Trust & Estates magazine, online article access and our free enewsletters.

Wealth Watch E-Letter Subscribe

Build a Better Endowment

By David Thayne Leibell, partner in the Stamford, Conn. and NYC offices of Wiggin and Dana LLP

Solid university endowments can survive economic storms...

A Pitch for Privacy Rights

By John T. Brooks, partner, and Samantha E. Weissbluth,
senior counsel, Foley & Lardner LLP, Chicago

Milwaukee Brewers relief pitcher asks court to seal the records of his wife’s cocaine-related death...

View Past Wealth Watch E-letters...

Bookstore / Library

Tech E-Letter Subscribe

Accruit

By Donald H. Kelley

Streamlining the management of like-kind exchanges...

Analyzing ILITs

By Donald H. Kelley

InKnowVision has a spreadsheet-based software that helps wealth planners look at irrevocable life insurance trusts...

View Past Technology Review Newsletters

Podcasts

Advising the Wealthy:
It's a Whole New Game

Charlie Ratner talks with estate-planning expert Lou Harrison, investment guru Michael Lewitt and retirement benefits specialist Mike Jones. Register for this timely podcast......

More Podcasts...

Webinars

Aligning Charitable Giving & Life Insurance

Register for this complimentary webinar on 3/9/10 - Charitable giving is under great stress. The Association for Advanced Life Underwriting (AALU), the American College, and the Partnership for Philanthropic Planning (PPP) are rising to address this challenge. You will hear from Tanya Howe Johnson, President & CEO of the PPP, Kelly Kidwell, President & CEO of Pacific Advisors and Chairman of the AALU Charitable Planning Committee, and Phil Cubeta, the Sallie B. and William B. Wallace Chair in Philanthropy at the American College....

Integrative Philanthropy

Robert F. Sharpe, Jr. and Marc D. Hoffman describe the current philanthropic/political landscape and review the techniques that donors of means are now increasingly using to optimize their giving.
Available On Demand!...

The Electronic Practice

Learn how to get the most out of your computer as you work with trusts and estates matters. Sponsored by Sungard -
Available On Demand!...

More Webinars...

Press Releases

Press Releases

Advising the Wealthy:
It's a Whole New Game

Charlie Ratner talks with estate-planning expert Lou Harrison, investment guru Michael Lewitt and retirement benefits specialist Mike Jones. Register for this timely podcast......

More Press Releases...