As licensed agents, staying up-to-date on industry trends and understanding market shifts is crucial to providing the best guidance and support for your clients. In 2022, the traditional long-term care (LTC) market experienced a notable decline, raising questions about the factors behind this shrinkage. Let’s delve into the crucial factors that led to the 2022 shrink in the traditional long-term care market and explore if a stand-alone LTC plan is still right for your client.
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