Li, Yong; Jensen, Gail A. - In: Applied Economic Perspectives and Policy 34 (2012) 2, pp. 220-237
This paper empirically analyzes how often and why individuals drop their long-term care insurance (LTCI) coverage, using data from the 2002-2008 Health and Retirement Study. It finds that over a two-year period 13% of LTCI policies lapse. It also finds that the probability of an LTCI lapse...
