Life Insurance Association Proposes Long-Term Care Ecosystem and In-Kind Benefits to Advance All-Ages Finance

Taiwan became a super-aged society in 2025, driving simultaneous growth in demand for medical care, health management and long-term care. Traditional life insurance, which typically provides a one-time payout after an insured event, is ill-suited to covering the full course of long-term care. The Life Insurance Association is therefore calling on insurers to integrate health and long-term care resources, allowing policies to provide both risk protection and ongoing services.

Life Insurance Association Chairperson Chen Hui-you recently proposed that life insurers establish health management companies linking health services, long-term care institutions and in-kind insurance benefits. Financial Supervisory Commission Chairperson Peng Jin-lung, meanwhile, outlined three major dimensions of “all-ages finance.” The association stressed that the necessary systems and regulations must be established before in-kind benefit policies can evolve from one-time payouts into platforms for continuous care.