Immediate Needs Annuity and Long-Term Care Insurance Analysis

This research article examines the role of immediate needs annuities (INAs) as a viable insurance solution for late-life care costs, contrasting them with traditional long-term care insurance (LTCI) in the U.S. and U.K. markets. It highlights the challenges of LTCI, including low uptake and financial risks, while presenting INAs as a potentially more effective alternative for individuals facing high care costs. The study also evaluates the implications for the U.S. market based on U.K. developme