The regulations of STLDI plans, or short-term limited-duration insurance, recently changed, allowing customers to use them for 36 months, rather than 3.
These plans offer a much lower monthly premium, but they are currently only being utilized by 200k people, providing a timely opportunity to rethink the typical STLDI structure.
In this white paper, we will be discussing:
- The challenges preventing STLDI plans from being reliable coverage options
- Approaches towards solving these challenges
- A proposed new plan design + its assessment