In this article, we will look into the 5 best long-term care insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to the 15 Best Long Term Care Insurance Companies Heading into 2024.
5. MetLife, Inc. (NYSE:MET)
Market Cap as of December 22: $48.75 billion
MetLife, Inc. (NYSE:MET) is a major insurance company in the US. The company offers insurance, annuities, employee benefits, and asset management. The company offers a suite of insurance services covering health, dental, disability, long-term care, and life insurance among others. It is ranked among the best long-term care insurance companies heading into 2024 and is valued at $48.75 billion, as of December 22.
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4. Nationwide Mutual Insurance Company
Annual Revenue (2022): $57.00 billion
Nationwide Mutual Insurance Company ranks 4th on our list. The company specializes in insurance, banking, annuities, investments, life insurance, and retirement planning. The company offers a wide range of insurance products and services including long-term care insurance. The long-term care insurance policy covers health care, nursing home costs, adult day care, and other services. Its long-term care solutions include Nationwide Carematters, Nationwide Carematters Together, and Long-term Care Rider. In 2022, Nationwide Mutual Insurance Company reported an annual revenue of $57 billion.
3. New York Life Insurance Company
Annual Revenue (2022): $58.50 billion
New York Life Insurance Company is a leading insurance company in the US, headquartered in New York. The company has over 175 years of experience and offers life insurance and retirement solutions. The company’s long-term care insurance covers home health care, nursing home costs, assisted living facilities, and adult daycare. Its long-term care solutions include NYL My Care, NYL Secure Care, and Asset Flex. The company reported an annual revenue of $58.50 billion in 2022.
2. State Farm
Annual Revenue (2022): $89.30 billion
State Farm is ranked 2nd on our list. The mutual insurance company specializes in insurance, financial services, life insurance, health insurance, and auto insurance. The company offers long-term care insurance in case of permanent disability or ailment. State Farm reported an annual revenue of $89.30 billion in 2022.
1. Allianz SE (OTC:ALIZF)
Market Cap as of December 22: $104.24 billion
Allianz SE (OTC:ALIZF) tops our list of the best long-term care insurance companies heading into 2024. With business in over 70 countries, the company provides financial planning and insurance services to over 100 million customers. The company offers long-term care insurance plans under its life and disability insurance. As of December 22, the company reports a market cap of $104.24 billion.
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