Long Term Care Insurance Association Reports Industry Claims Paid

October 9, 2014 – In advance of November’s Long-Term Care Awareness Month, a report from the American Association for Long-Term Care Insurance is making national news.

“The nation’s long term care insurance companies pay $20.5 million a day in claim benefits,” declares Jesse Slome, AALTCI director. “We believe it is important for consumers to understand that claims are paid and consumers definitely get the benefit they sought when purchasing the protection.”

A national news story distributed by the Association reports that long term care insurers paid $7.5 billion in claims last year (2013) and highlights a Florida couple whose parents benefited from having long-term care insurance policies.  “They are just one example of the many people who are benefiting and that number will only grow as more policyholders age and start to need extended care,” Slome adds.

According to AALTCI, the news story has already appeared in MarketWatch, the online national resource for The Wall Street Journal, Reuters and some 300 additional media outlets.  “The Association works hard to educate consumers to the importance of long term care planning,” Slome notes.  “How to buy this coverage and showing that the policies actually deliver is an important component of that story.”

Slome, the creator of Long-Term Care Awareness Month, noted that November is a time when many agents will urge their clients to initiate planning for the eventual risk of needing extended care.

Headquartered in Los Angeles, the American Association for Long-Term Care Insurance was established in 1998 to create heightened awareness for the importance of long term care solutions.

Links To News Stories

MarketWatch (The Wall Street Journal)


Miami Herald




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