And sometimes an old other type of life insurance policy may be the answer to fix that problem.

It can be, so let's maybe back up a little bit and just talk about what happened in the long-term care market.

It's a little off of our prime topic, but when companies came out with long-term care insurance, it's really only been around late 80s, early 90s, kind of in that timeframe.

And the insurance companies had absolutely no idea what the claims experience was gonna be.

They just made some guesses.

And unfortunately to gain market share, a lot of insurance companies price their products extremely low and they got hit with claims that they just couldn't pay without raising rates dramatically.

So that led to a lot of companies getting out of the business.

Just give our listeners a quick overview of this terminology if you don't

And sometimes an old other type of life insurance policy may be the answer to fix that problem.

It can be, so let's maybe back up a little bit and just talk about what happened in the long-term care market.

It's a little off of our prime topic, but when companies came out with long-term care insurance, it's really only been around late 80s, early 90s, kind of in that timeframe.

And the insurance companies had absolutely no idea what the claims experience was gonna be.

They just made some guesses.

And unfortunately to gain market share, a lot of insurance companies price their products extremely low and they got hit with claims that they just couldn't pay without raising rates dramatically.

So that led to a lot of companies getting out of the business.

Just give our listeners a quick overview of this terminology if you don't