Markets

Insider Trading

Hedge Funds

Retirement

Opinion

15 Best Long Term Care Insurance Companies Heading into 2024

In this article, we will look into the 15 best long-term care insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Long Term Care Insurance Companies Heading into 2024.

Market Analysis of Long-Term Care Insurance

Long-term care insurance is provided to senior citizens who are unable to support themselves and are receiving long-term care services. The care can range from assistance in daily activities at home to extensive care at institutions and facilities. According to a report by SkyQuest Technology, the global long-term care insurance market was worth $18.88 billion in 2021. The market is expected to grow at a CAGR of 12.3% and reach $53.21 billion in 2030. The growth can be attributed to a rise in the aging population, an increase in long-term ailments, and a higher life expectancy.

Regionally, North America dominated the market in 2022, accounting for a total share of 49.3%. The growth can be attributed to the availability of long-term care facilities, favorable government policies, and an improving reimbursement framework. Segment-wise, the nursing care segment led the market with a share of 32.3%, driven by the rising demand for nursing care services.

Key Players in the Market

Some of the prominent names in the long-term care insurance market include Ameriprise Financial, Inc. (NYSE:AMP), Manulife Financial Corporation (NYSE:MFC), and The Allstate Corporation (NYSE:ALL).

Ameriprise Financial, Inc. (NYSE:AMP) is a major financial services and insurance company. On October 25, the company reported earnings for the fiscal third quarter of 2023. The company reported an EPS of $7.68 and beat estimates by $0.08. The company generated quarterly revenue of $3.92 billion and outperformed estimates by $69.71 million. The company’s revenue grew by 10.44% on a year-over-year basis. 

Here are some comments from Ameriprise Financial, Inc.’s (NYSE:AMP) Q3 2023 earnings call:

“We’re driving good sales in targeted focused areas that serve our clients’ comprehensive needs and generate good risk-adjusted returns. In our life business, we focused on variable universal life and disability products that are appropriate for this environment. Life and health sales were up nicely, increasing 22%, with the majority of sales in higher-margin accumulation VUL products. We’re also seeing positive initial results from our accelerated underwriting modeling, that’s highly automated and will drive further efficiencies as we roll it out more fully. In variable annuities, our structured product continues to attract good interest. Combined with our variable annuities without living benefits, sales were up 18% from a year ago.”

Manulife Financial Corporation (NYSE:MFC) is one of the market leaders in the long-term care insurance market. On November 15, the company announced that it had acquired a top London-based alternative credit manager, CQS. The acquisition will provide the company with access to CQS’s $13.5 billion credit platform. This will enhance its fixed income and multi-asset services. The agreement will allow CQS to retain its autonomy and leverage Manulife Financial Corporation’s (NYSE:MFC) resources. The transaction is anticipated to close in early 2024. 

The Allstate Corporation (NYSE:ALL) is one of the major insurance companies, providing long-term care insurance products and services. On November 1, the company reported reported earnings for the fiscal third quarter of 2023. The company reported an EPS of $0.81 and outperformed estimates by $0.32. The company reported a revenue of $14.50 billion for the quarter and surpassed estimates by $1.06 billion. The Allstate Corporation’s (NYSE:ALL) revenue grew by 8.39% on a year-over-year basis. 

Here are some of the comments from the company’s Q3 2023 earnings call:

“Our success now positions us to achieve additional growth that potential could be maximized by aligning this platform with a broader set of complementary products, distribution channels and capabilities. We anticipate completing a transaction in 2024. We also made progress in executing and transformative growth initiatives to set the stage for personal profit liability market share growth as margins improve. The second part of our strategy to broaden protection offerings also progressed with Allstate Protection Plans growth.”

15 Best Long Term Care Insurance Companies Heading into 2024

Methodology

To rank the best long-term care insurance companies heading into 2024, we reviewed market reports including SkyQuest Technology, Vantage Market Research, Allied Market Research, and Research and Markets. We identified public and private companies from these reports and ranked them in ascending order of their market cap as of December 22, 2023, and annual revenue.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

15 Best Long-Term Care Insurance Companies Heading into 2024

15. Mutuals of Omaha

Annual Revenue (2022): $11.54 billion

Mutual of Omaha is ranked among the 15 best long-term care insurance companies heading into 2024. The company offers a wide range of health and life insurance products. It provides coverage for both short-term and long-term care. Some of the major life insurance products of the company include Life Protection Advantage, Income Advantage, and AccumUL Answers. Mutuals of Omaha reported an annual revenue of $11.54 billion in 2022.

14. Aviva plc (OTC:AVVIY)

Market Cap as of December 22: $15.05 billion

Aviva plc (OTC:AVVIY) is a leading insurance company, offering services including retirement, investments, insurance, health, insurance technology, and protection. It offers two lifetime care insurance plans, Immediate Lifetime Care and Secured Lifetime Care. As of December 22, Aviva plc (OTC:AVVIY) boasts a market cap of $15.05 billion.

13. Dai-ichi Life Holdings, Inc. (OTC:DCNSF)

Market Cap as of December 22: $20.19 billion

Dai-ichi Life Holdings, Inc. (OTC:DCNSF) is a leading life insurance company company, operating in over 10 countries.  The company boasts a comprehensive set of products including EduPro Premier, Active Care, Smart Shield, DL EduPro, and LoanShield. The company provides care annuity insurance, long-term care insurance, and critical illness insurance among others.  As of December 22, Dai-ichi Life Holdings, Inc. (OTC:DCNSF) has a market cap of $20.19 billion.

12. The Allstate Corporation (NYSE:ALL)

Market Cap as of December 22: $32.54 billion

The Allstate Corporation (NYSE:ALL) is one of the top insurance companies in the US, headquartered in Illinois. The company provides life insurance, long-term care insurance, homeowners insurance, auto Insurance, earthquake insurance, general liability, and annuities. As of December 22, The Allstate Corporation (NYSE:ALL) has a market cap of $32.54 billion.

11. Capgemini SE (OTC:CGEMY)

Market Cap as of December 22: $34.57 billion

Capgemini SE (OTC:CGEMY) is a French multinational company, providing business tech solutions to companies including insurance. The company provides automation and tech solutions to companies to streamline their insurance process. Its insurance services cover health, life, and property & casualty among others. As of December 22, Capgemini SE (OTC:CGEMY) has a market cap of $35.47 billion. It is ranked 11th on our list.

10. Northwestern Mutual

Annual Revenue (2022): $35.00 billion

Northwestern Mutual is a leading insurance company, headquartered in Milwaukee, Wisconsin. The company has over 160 years of experience in providing top-notch insurance products and services. The company provides financial security to over 4.5 million people. QuietCare is a major long-term care brand of the company, introduced in 1998. The company reported an annual revenue of $35 billion. It is ranked 10th on our list of the best long-term care insurance companies.

9. Prudential Financial, Inc. (NYSE:PRU)

Market Cap as of December 22: $37.37 billion

Prudential Financial, Inc. (NYSE:PRU) is one of the top financial services companies in the UK, specializing in life insurance, group benefits, financial wellness, retirement benefits, annuities, and mutual funds. The company is operating in multiple countries and territories including the US, Europe, Asia, and Latin America. The company offers life and health insurance coverage including long-term care insurance in case of long-term ailments or disability. As of December 22, Prudential Financial, Inc. (NYSE:PRU) has a market cap of $37.37 billion.

8. Ameriprise Financial, Inc. (NYSE:AMP)

Market Cap as of December 22: $38.05 billion

Ameriprise Financial, Inc. (NYSE:AMP) is a leading financial services company, offering financial planning, investment, and insurance services. The company has over 125 years of experience and a network of over 10,000 financial advisors. Along with traditional long-term care insurance, the company also offers hybrid long-term care insurance and life insurance with a long-term care rider. As of December 22, Ameriprise Financial, Inc. (NYSE:AMP) has a market cap of $38.05 billion. It is ranked 8th on our list.

7. MassMutual

Annual Revenue (2022): $39.30 billion

Ranked 7th on our list, MassMutual is a leading life insurance company. The company specializes in life insurance, disability income insurance, long-term care insurance, retirement services, and annuities. The company’s first-ever long-term care policy was issued in 2000. MassMutual reported an annual revenue of $39.30 billion in 2022.

6. Manulife Financial Corporation (NYSE:MFC)

Market Cap as of December 22: $39.56 billion

Manulife Financial Corporation (NYSE:MFC) is ranked 6th on our list of the best long-term care insurance companies heading into 2024. The company is a leading multinational financial services firm, headquartered in Toronto. It offers a comprehensive set of products including CoverMe life insurance, and Synergy life insurance among others. As of December 22, Manulife Financial Corporation (NYSE:MFC) has a market cap of $39.56 billion.

Click to continue reading and see 5 Best Long Term Care Insurance Companies Heading into 2024.

Suggested articles:

Disclosure: None. 15 Best Long Term Care Insurance Companies Heading into 2024 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!