“A growing number of people only start looking into long term care insurance because they know they have health issues which could result in a lengthy need for costly care,” declares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, the national trade group.  “Unfortunately, often they can no longer meet the health requirements to obtain coverage from the some insurers but that is not true for all of them.”  He notes this is especially common among seniors over the age of 65.

According to the Association, a number of insurance companies offer coverage to those who might have health issues making them ineligible for protection from companies like New York Life, Genworth, Northwestern Mutual or Mass Mutual.  “The options range from more traditional-looking long term care insurance policies to what I call long-term care-like coverage that will pay benefits for the vast majority of situations that arise causing the need for long-term care,” Slome notes.

Often coverage available comes with limitations national long term care insurance experts explain.  “You may not be able to get coverage for say a condition lasting 20 years, but protection for conditions that last three years,” Slome explains.  “But some coverage is always going to be better than none.”  Costs for coverage for those with health conditions tend to be higher.  “That’s due to the fact that health conditions are certainly an indication of higher risk of needing care,” he notes.  “People understand that and generally if they have been declined by one long term care insurance company, they are willing to pay a bit more to get the coverage somewhere else.”

Slome expects more insurance professionals will become familiar with these options in the years to come.  “For now, there are really a limited number of specialists who truly understand how these products work, the health requirements and can compare them to traditional long-term care insurance policies,” he concludes.  To locate a long term care insurance agent in your area who will provide no-obligation cost quotes and answer all questions, call the Association at (818) 597-3227 or visit the organization’s website.  The American Association for Long-Term Care Insurance is the national trade organization focused on educating individuals about the importance of planning for the risk of long term care.

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The Summit is the nation’s leading conference focused exclusively on the sale and marketing of long-term care financial products including individual LTC insurance as well as the newer combo (linked) annuity and life+LTC products.

Held every 18 months the event will bring together hundreds of insurance and financial professionals from virtually every state.  This is the Association’s ninth conference.

The complete program is now available online.  Click this link for more details.

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According to Jesse Slome, executive director for the organization, the cost for $1-million per-claim is $510-per-year which includes all fees and applicable taxes. 

Coverage covers life and health insurance sales including long-term care insurance with options available for producers offering annuities and equity indexed annuity contracts.  Covrerage is available to producers in all states. 

Payment can be made by credit card on a monthly, quarterly or annual basis.   The online application takes between five and eight minutes and asks only eight underwriting questions.  Those who are accepted will receive an immediate certificate acknowledging their approval.

For more information including pricing, options and the online application visit the Association’s website: http://www.aaltci.org/ltc-marketing/eo.

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