Tag: long term care trends

Trends in long term care insurance purchasing are shifting

Julie Campbell
caregiver long term care insurance senior

According to the main industry association, people are choosing lower inflation growth options. The American Association for Long Term Care Insurance (AALTCI) has now reported on the outcomes of its 2014 study that has determined that buyers are significantly changing their buying patterns when it comes to this type of coverage. Previous years had seen customers purchasing choices that gave a 5 percent annual boost to initial benefits. However, according to Jesse Slome, the director of the association, “In years past consumers favored policies that included an option that increased…

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Long term care insurance is becoming more popular

G. Turner
Long Term Care insurance Costs

Americans are beginning to discover the importance of this coverage and are starting to buy again. The latest trend in long term care insurance in the United States appears to be the increasing recognition of the importance of this kind of coverage, and therefore a rise in the number of policies that are actually being purchased. This type of policy has been available to Americans for approximately 40 years. However, as it is an expensive form of insurance policy, many people have avoided it as they have prioritized other expenses…

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Long term care insurance discounts and costs vary more widely

H. Cutner
Long Term Care Insurance Planning

A recent analysis has revealed that choosing the proper insurer can make a vast difference in the expense. A recent analysis has determined that there are considerable price differences offered among the leading long term care insurance companies in the United States, and that this knowledge could either save or cost consumers hundreds of dollars on an annual basis. This sector of the industry is in a state of flux, which is causing insurers to use different approaches to setting prices. According to the American Association for Long Term Care…

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Long term care insurance not a high priority for many in the US

Julie Campbell
Long Term Care Insurance

New research has shown that the coverage and other preparations for LTC is not a top concern. According to the results of a new poll, which looked into the way that people aged 40 and higher are making preparations for their future aging needs, the trend is that few are making a high priority of taking out long term care insurance and making other preparations to pay for the costly assistance that they may one day need. Two thirds of the participants in the study said that they had planned…

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