Los Angeles, CA, November 19, 2015 –(PR.com)– A special policy provision that provides enhanced benefits to couples with long term care insurance coverage is gaining favor according to a leading LTC insurance expert.
"The shared care option available to couples is a significant benefit and it's good to see that more people are choosing this option," explains Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). Slome is preparing to present to leading New York area financial planners and advisors.
"Adding the shared care option enables spouses to tap each other's pool of long term care insurance," Slome shares. "Each spouse can select a more affordable plan of protection knowing they can access the other spouse's benefit should the need arise."
According to Slome, over half of couples purchasing long term care insurance where the company offered the shared care option, selected the benefit. A few years ago, roughly a third of policies sold to spouses carried the shared care benefit option according to AALTCI.
"Not every insurance company offers this option currently. If they did, I suspect the percentage would be much higher as this is a real benefit for couples," Slome adds.
Slome is presenting December 2, 2015 at the New York Center for Financial Studies and the New York City Chapter, Society of Financial Services Professionals. "I am pleased to see increased interest among financial advisers in the whole topic of long term care planning and long term care insurance," Slome notes. The leading national long term care insurance expert will share an industry update along with forecast for future industry directions.
American Association for Long-Term Care Insurance
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