Most Asset Based Long-Term Care Purchases Are Over Age 65 – Two Thirds Of New Single-Pay Life+LTC Policy Sales Are Over $100,000

The sale of asset-based long-term care insurance protection grew significantly according to research by the American Association for Long-Term Care Insurance (www.aaltci.org) the national trade organization. According to data gathered from the industry’s leading insurers, premium in 2010 increased 79 percent compared to the prior year. The number of covered lives increased 83 percent. “Asset based or linked products are experiencing growth as they are highly suitable for a very specific consumer,” states Jesse Slome, AALTCI’s executive director. “Financial planners and investment professionals who may not like the more complex…

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Survey shows financial plans should include insurance

According to a Saybrus Partners survey, just under half of the American adults who have received professional financial advising and who have a financial plan have ever addressed the issue of including life insurance as a part of their portfolio. Saybrus Partners is a Hartford, Connecticut-based life insurance partnership company. Among the survey participants who said that they had talked with their financial advisors about life insurance, 15 percent said that the discussion was held over a decade ago. An additional 40 percent had talked about it within the last…

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