Issues with Annuities and Long Term Care Insurance?

Financial and insurance products have long been key retirement planning components – helping savers mitigate retirement risks and provide retirement income. According to a recent issue of MarketWatch, however, those types of products are getting harder to find as some of the major companies back out of the market.Genworth last week said it will stop selling variable annuities and MetLife decided late last year to stop selling long-term care insurance policies.Why? These are all business decisions based on current economics. But in the case of long-term care insurance, it seems some of the bigger providers got their pricing wrong. Many…

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