In his testimony before this senate committee, Bertram Scott responds to the Committee's request for background on private long-term care insurance in today's marketplace. His statement includes a historical and factual context and he approaches his discussion of private long-term care insurance through TIAA-CREF's perspective of retirement security and asset protection. Long-term care insurance provides a viable and affordable means towards accomplishing retirement security goals and that an above-the-line tax deduction would provide an incentive to purchase long-term care insurance.
