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There are only a few main reasons why people choose not to buy long term care insurance after making an initial investigation i

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

nto it. They are:

· Procrastination - Since planning for the possible need for long term care is not an issue that must be dea

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

lt with immediately, but is instead planned for in advance, they tend to feel that it is something that can be bought later. As

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

a result, the years go by and nothing is done until one day illness strikes suddenly and custodial care is needed. All of a su

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

dden, desperate attempts are made to try to get LTCi to help offset the challenges ahead. But unfortunately, they no longer are

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

insurable at any price and the window of opportunity is gone forever. I see this scenario played out over and over again.

· L

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ack of understanding of the risks involved - Oftentimes people just can't ever see the possibility that they may need custodial

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

care in the future like so many others do. They feel relatively healthy at the moment, and so they assume that they will proba

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

bly always stay that way. They reason that their parents and many relatives died early in life and/or after a brief illness in

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

the past, so they conclude that will most likely happen to them. They do not even want to consider what would happen if that di

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

d not happen. They don't appreciate the clear evidence that humans are living much longer these days, thanks in no small part t

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

o medical advancements that let us survive illnesses that would have killed us just a few decades ago. They ignore the fact tha

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

t one out of two people alive today will need some form of long term care in the future. Interestingly, many of these people fa

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ithfully pay their homeowners insurance every year to protect against a loss by fire, flood, or some other catastrophe. And yet

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

, the chance of that happening is so much smaller than the chance of needing long term care insurance.

· Unfamiliar with the r

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ealities of long term care - Many people who do not see the need for LTCi have simply never come face to face with the brutal r

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ealities of how devastating a long term care illness can be to those around them, both emotionally and financially. This is oft

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

en true of men since they are not usually the caregivers for relatives at home. Women on the other hand, are more likely to app

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

reciate the special challenges and hardships that prolonged care for someone else can bring. However, people of both sexes who

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

have not ever personally been touched by a long term care illness in their immediate family tend to underestimate it's effects.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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There exist a plethora of various interest assumptions, fees, expenses and many other factors that are used in order to develop any given life insurance company?s premiums for a particular policy. The rates of these policies are at the end of the day based upon only a single factor. That factor is the statistical probability of the insurance holder dying within the period of the given year. Such statistics of that probability, depending upon the experience of the insurance company and the government records, are then used to compute and determine a yearly death cost for each thousand dollars of life insurance benefit.

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