Chattanooga-based Unum quits long-term care field, takes loss
Chattanooga-based Unum Group announced Monday it is ending sales of its group long-term care insurance in the midst of improved operating results in the fourth quarter.

Unum Group Slips To Q4 Loss On Hefty Charges
Unum Group Slips To Q4 Loss On Hefty Charges

Long-term-care insurance is more expensive than it’s worth for some people
1 Determine if you qualify financially Don’t buy if the out-of-pocket cost for the coverage would be more than you can afford. Consumer Reports advises people that if their net worth, excluding their home, is below $300,000, long-term-care insurance is not a good buy for them. The National Association of Insurance Commissioners also recommends that consumers spend no more than 5 percent of their ...

Unum Group Reports Fourth Quarter 2011 Results
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum reported a net loss of $425.4 million for 4Q11, due largely to charges following its decision to discontinue sales of group long term care and a reserve charge for ind. disability closed block.

Fitch Affirms Unum Group's Ratings; Outlook Stable
Fitch Ratings has affirmed Unum Group Inc.'s holding company ratings, including the senior debt rating at 'BBB', as well as the Insurer Financial Strength ratings of all domestic operating subsidiaries at 'A'.