MetLife to Stop Selling Long-Term-Care Insurance

However, it will continue to service existing policies.

I heard that MetLife is going to stop selling long-term-care insurance. What will happen to my MetLife policy?

MetLife, which had been one of the largest providers of long-term-care insurance, announced on November 10 that it plans to stop selling both group and individual long-term-care policies. The company will, however, continue to service the 600,000 policies that are currently in force. As long as you pay your premiums, your coverage cannot be canceled.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.