Ameriprise Plans to Keep Its Long-Term Care Insurance Block
November 13, 2024 by Allison Bell
Ameriprise Financial likes its closed block of long-term care insurance policies and has no plans to make a deal to get rid of it.
Walter Berman, the Minneapolis-based company’s chief financial officer, stood up for the company’s LTCI block last week during a conference call with securities analysts.
Ameriprise analysts looked carefully at opportunities to transfer the company’s LTCI risk to a reinsurer during the third quarter, and they found that keeping the LTCI block would be a much better strategy, Berman said.
Originally Posted at Think Advisor on October 28, 2024 by Allison Bell.
Categories: Industry Articles
