With so much changing in 2020, it makes sense that another change is coming our way – this time in regards to long-term care (LTC) insurance.

Traditionally, long-term care insurance has had a competitive market. Just 20 years ago there were over 100 carriers of LTC. Now, that number has dwindled. In fact, just recently, MassMutual announced that they have made the decision to stop offering for sale all traditional LTC insurance policies effective January 28th, 2021.

What does this mean for you?

With the deadline of January 2021 approaching, you should move quickly to apply for coverage if you have been considering traditional long-term care insurance.

What about current Mass Mutual long-term care insurance policy holders?

Good news, nothing is going to happen to you. Your account will still be serviced by LifeCare Assurance, the third-party administrator for MassMutual. And if you purchased the LTC from Lawley, we will continue to service your account with no changes. Moving forward, other LTC planning solutions are available, including hybrid LTC-Life products and permanent life insurance riders from MassMutual.

What should you do now?

Talk with the Lawley team. We have been handling long-term care insurance and life insurance for decades. And, we can find the best options for you at the right budget. Our carrier partners span all types of policies and our customizable approach enables us to tailor coverage to your needs.

Contact us today to get a personalized analysis and recommendations of the best policies to consider.

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