Filed Under:Health Insurance, Ltci

Will FIO report help disability and LTC insurers?

Treasury Secretary Jack Lew
Treasury Secretary Jack Lew

Low interest rates might be good for home buyers and growing companies, but they're hard on life insurers that have written long-term disability (LTD) insurance, long-term care insurance (LTCI) and other products with long time horizons.

Officials at the Federal Insurance Office (FIO) -- an arm of the U.S. Treasury Department created by the Dodd-Frank Wall Street Reform and Consumer Protection Act -- have talked about the damage that low rates can do to life insurers in a section on major "currrent issues and emerging trends" at the end of the FIO's new insurance industry annual report.

Insurers have argued that the low rates have been hard on LTD and LTCI operations along with annuity operations and some types of life insurance policies.

The Federal Reserve Board has said little about the possible effects of low rates on insurers. 

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Nichole Morford

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