Care for the elderly and disabled at home is currently enjoying a high political profile. Given the Governments concerns in this area, do you see this sector becoming mainstream for the protection and health insurance industries, rather than its current niche status?
Peter Barnett, policy adviser to Baroness Greengross, House of Lords No, I do not see the long-term care (LTC) sector becoming mainstream, but let me qualify that – I do not see any significant growth occurring in the market for pre-funded LTC insurance products (LTCI), which is a very different proposition to the clear and present need for insurance to play a key role in improved planning and management of the funding of lifestyle, health, and particularly care, in old age. A combination of low consumer interest and awareness, complicated products and conflict with means tested state b...
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