Los Angeles, CA, December 17, 2021 –(PR.com)– The nation’s 10 largest long-term care insurance companies have over 73 percent of all covered lives according to the American Association for Long-Term Care Insurance.

“A relatively few companies account for the majority of in force policies,” reports Jesse Slome, director of the organization. “Genworth remains the largest of the companies with over 1.1 million policyholders.”

Slome was sharing the information with a consumer group seeking an industry update. “The long-term care insurance industry continues to evolve,” Slome shared with the group. “Where once there were dozens of companies offering policies, today on a few still do. But even when an insurer stops selling new policies, they continue to service and pay claims on existing policies.”

Of the top-10 long-term care insurance companies based on in-force policies, Mutual of Omaha, New York Life, Bankers Life…