Long-Term Care Insurance Industry Leader Prepares to Serve Groundswell of New Clients as Claim Benefit Payments Quadruple
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"With more than 77 million aging baby boomers soon to need long-term care, insurance benefit payments are going to mushroom," says
The growing visibility of those receiving benefits is fueling a resurgence in long-term care planning, she observes. "Already we're seeing many younger people -- mostly 50 to 60-somethings but some in their 40's -- come to us because they want the same benefits their elders are getting."
Depending on individual circumstances, Gott's organization recommends one or a combination of five protection options:
- Long-term care insurance,
- Annuities,
- Life insurance policies with LTC riders,
- Reverse mortgages, and
- Critical illness insurance.
LTC insurance continues to be the most popular option in spite of industry consolidation and recent rate increases. "Care is simply costing more," says Gott, "and people are living longer and need care for longer periods. This puts the rate increases in perspective and only heightens the importance of planning for care one way or another."
Beyond the coming tens of billions in LTC insurance claims payments, tens of billions more will go to those who protect themselves through the other four instruments, Gott says.
Information on LTC insurance and the other options is available from the following LTCFP specialists:
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NY: Ronald Brie -- 212-799-3900
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NY: Peter Molnar -- 800-588-9406
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Serving employee groups and associations as well as individuals, LTCFP -- www.ltcfp.com -- is one of America's largest and most experienced long-term care insurance agencies. The company is a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.
*PHOTO 72dpi: Send2Press.com/mediaboom/13-0819-denise-gott_400x300.jpg
*Photo Caption: LTCFP National Sales Manager
SOURCE
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