Why Are Insurance Companies Dropping Long Term Care Insurance? 
Insurance Carriers have experienced higher claims and losses , due to increased longevity , chronic illness survival rates and cost of care . As a result , 12 of the top 20 carriers have dropped out of the market in the past 4-5 years . In addition , all carriers have had huge rate increases and/or offered clients a cash buy-out option to cancel older policies . Newer policies have been re-designed and re-priced to account for increased LTC expenses . In most cases , I recommend Living Benefit Life that will accelerate up to 100 % of the face value -LRB- depending upon severity of illness -RRB- , in case of : Critical Illness -LRB- Cancer , Heart Attack , Stroke , Major Organ Transplant , etc. -RRB- ; Chronic Illness ; Disability ; Terminal Illness ; or Death . This allows the client to have one policy with guaranteed level premiums that can provide access to funds while they are alive or in case of death . 