Still trying to figure out what the new normal holds after COVID-19? Health, wealth, financial goals? Masks, goggles, social distancing? In the midst of the pandemic we have the latest stats and facts about the long-term care insurance industry. Most 2019 changes are minor and not surprising compared to 2018 data.
Already this year we are seeing consumers reconsider their plans to self-fund potential long-term care expenses. And, we've experienced increased declines. Adverse selection? Are those with medical conditions more serious about coverage than before?
Many of us who are lucky enough to still be working are doing so remotely and loving it! I would wager that a remote workforce will be part of the new normal. Improved balance of work and home life, time and money saved commuting, and reduced cost of real estate for companies could all be key pluses in a post-pandemic world. If you think working remotely is in your future, tips for maximizing productivity is a must read.
