American Association for Long-Term Care Insurance

June 24, 2021: 2020 Long-Term Care Insurance Sales data:  The number of individuals purchasing traditional long-term care insurance in 2020 declined from prior years according to the American Association for Long-Term Care Insurance (AALTCI).

“Some 49,000 individuals purchased a traditional long-term care insurance policy,” shared Jesse Slome, director of the long-term care insurance organization.  ”Keep in mind that today, more people are opting for a linked-benefit product such as a life insurance policy that can also pay long-term care benefits.”

Slome was sharing information with leading insurance professionals who educate consumers and offer long-term care planning solutions.  “The decline of traditional policies has been steady since reaching a peak in 2000 and 2001 when over 700,000 new policies or group LTC certificates were purchased in a single year.”

2020 Long-Term Care Insurance Sales

“The need for this important protection has not changed,” Slome noted with the professionals.  “Having more solutions available including some of the short-term care products is good for consumers and good for you.”

1995 – 2020 Long-Term Care Insurance Sales

See more long-term care insurance statistics and data

The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions.   To obtain long-term care insurance costs from a specialist call the organization at 818-597-3227 or visit their website.

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