Tag: Long Term Care Insurance

Is long-term care insurance worth it for people after retirement age?

Marc
long-term care insurance - Retirement plan

Many people let the coverage go when it is no longer a part of their employment benefits. Though many people consider long-term care insurance to be important coverage while they are still employed, it is commonplace to drop the policy at retirement age, when people tend to want to reduce their daily living costs and coast off the funds they’ve saved throughout their working lives. That said, many financial experts are cautioning that this trend might not be the best to follow. There are a number of reasons that many…

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Federal long-term care insurance premiums to rise as much as 86 percent

Marc
Long-term care insurance - Premiums Rise

Enrollees in the federal program are preparing themselves for even more expensive coverage in 2024. Americans enrolled in the Federal Long-Term Care Insurance Program (FLTCIP) are getting ready to pay even more for their coverage next year after having faced regular increases for several consecutive years. The Office of Personnel Management has announced that there will be a rate hike for current enrollees. The Federal Long-Term Care Insurance Program is run by the Office of Personnel Management. It announced that current enrollees should expect to see higher rates for 2024.…

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Latest Long-Term Care Insurance Data Can Help Agents Marketing LTC Solutions

Jesse Slome
Long-term care insurance - Form

The latest examination of long-term care insurance applicants can help agents communicate the importance of timely planning. One of the reasons individuals do not pursue long-term care insurance planning information is the general sense that coverage can be obtained at any age. It makes logical sense in their minds to wait until a need is relatively imminent. As many consumers will tell you, why pay for something I may never need or won’t need for many years? Agents marketing traditional and linked benefit long-term care solutions have lacked relevant and…

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Linked-Benefit Long-Term Care Video Library Launched By AALTCI

Jesse Slome

Sales of linked-benefit long-term care insurance continue to outpace traditional long-term care policies.  A new video library will provide meaningful information to prospective buyers. “There is enormous interest in linked benefit long-term care,” states Jesse Slome, director of the American Association for Long-Term Care Insurance director.  “Judging by the consumer inquiries we receive, there are also many misconceptions and some flawed information that we wanted to address.” The Association has just launched an online video library that will consist of short informative videos focused specifically on hybrid or linked-benefit long-term…

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Long-Term Care Insurance Association Releases Linked-Benefit Price Index

Jesse Slome

A 55-year-old male should expect to pay around $5,300 annually for an average linked-benefit long-term care insurance policy according to the just-published Price Index.  The first price analysis comparing leading linked-benefit insurance costs and benefits was recently published by the American Association for Long-Term Care Insurance. “Linked-benefit long-term care insurance combines the benefits of a life insurance policy with a rider that can provide long-term care benefits,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance.  “These policies now outsell traditional long-term care insurance making it time for us to…

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