The vast majority of Americans over the age of 50 have no idea how to plan for the eventual risk of needing long term care, something large numbers are expected to need as the result of living longer lives.
“We are all procrastinators at hear but a failure to plan is a plan for failure,” declares Jesse Slome, executive director of the American Association for Long-Term care Insurance, the industry trade group. The organization’s staff will be working on Labor Day to answer calls and inquiries from consumers seeking more general knowledge on the topic.
When it comes to needing long term care, few individuals have an understanding of their risk, the cost to their retirement savings or the impact on their family, Slome explains. “Long term care insurance is one option people have but far too many people wait to inquire until the need is literally facing them at which point it is too late to health qualify,” Slome explains.
The organization maintains the nation’s most comprehensive website containing the latest data from Association conducted studies of buyers and claimants with long term care insurance protection. “We encourage consumers over the age of 50 to start learning more and the Web is a great place to start,” says Slome. “We work hard to provide the most current information because like everything else, things change so rapidly. That’s also why we offer the ability to speak with a knowledgeable person.”
On Labor Day, the organization’s staff will field consumer inquiries. “Most people want a sense of what long term care insurance will cost and, if they have some existing health issues, whether those will disqualify them from being able to purchase this protection,” Slome adds. Those interested in actual rates from leading insurance companies offering this coverage will ultimately be connected with a knowledgeable professional who specializes in the field. AALTCI is a national trade organization that does not sell long term care insurance but rather advocates on behalf of the importance of planning and conducts yearly research of value to consumers considering coverage.
To learn more or to speak with one of the Association’s staff, call the organization’s national headquarters at (818) 597-3227 or visit the Association’s website.
LEARN MORE ABOUT LONG-TERM CARE INSURANCE PROTECTION. Get a free, no obligation quote for Long-Term Care Insurance from the American Association for Long-Term Care Insurance. Click here now!
INSURANCE AGENTS. SELL MORE LONG-TERM CARE INSURANCE PROTECTION. Visit the Association's Online LTC Learning, Marketing & Sales Center. Click here now!
HAVE YOU HEARD ABOUT CRITICAL ILLNESS INSURANCE? Learn more from the American Association for Critical Illness Insurance. Click here now!
MEDICARE SUPPLEMENT INSURANCE COSTS
Click here to learn more!