Which of the following is NOT a reason consumers hesitate to purchase long-term care (LTC) insurance?

Consumers often hesitate to purchase long-term care (LTC) insurance for a variety of reasons that reflect their concerns about trust, accessibility, and affordability. The correct answer highlights that fear of carrier changes due to underwriting is not typically a prominent concern for consumers when considering LTC insurance.

Understanding the context of the other reasons helps clarify why this answer is accurate. Rate increases erode trust because potential policyholders may fear that rising costs will significantly impact their ability to maintain the coverage they need. If consumers anticipate that their premiums will increase unexpectedly, they may think twice about committing to a policy.

The onerous process required to receive benefits also contributes to hesitation. Many people are concerned about the complexity and potential delays involved in accessing care when needed, making consumers wary of investing in a policy that may prove challenging to utilize effectively.

Lastly, the cost being considered too expensive is a well-documented deterrent. Many consumers struggle with the premium costs associated with long-term care insurance, leading them to decide against purchasing a policy altogether.

In contrast, while concerns about carrier stability and reputation after underwriting may exist among some informed consumers, it is not commonly cited as a primary reason for hesitation on a broad scale. Consequently, this makes fear of carrier changes due to underwriting the exception