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October 06, 2004

Metlife: Demand For Long-Term Care Insurance Will Grow In Short Term

A nearly fivefold increase in the number of Americans needing long-term care, coupled with "an undeniable confluence" of demographic factors, means that there will be a greatly increased demand for long-term care insurance, according to the president and chief operating officer of MetLife Inc.

Unfortunately, said C. Robert Henrikson, new studies show that most people are too ill informed to plan for it.

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Posted by Tom Troceen