New Long Term Care Insurance Guide for Consumers Published

Los Angeles, CA, October 13, 2013 --(PR.com)-- Strategies to reduce the cost of long term care insurance along with helpful tips for consumers have been published in a new consumer guide from the American Association for Long-Term Care Insurance.

"The new guide addresses many of the questions commonly asked by consumers," shares Jesse Slome, executive director of the long term care insurance trade group. "Individuals are increasingly aware of the need to think about long term care planning but they want to have an idea of what protection costs and smart strategies for buying the right amount of coverage at the best possible price."

The guide, originally published in this month's Kiplinger's Personal Finance magazine addresses strategies for when to begin planning, options to deal with the risk of rising costs for care and provides examples of ways to save. "Selecting a 60-day deductible period for your policy will reduce premium costs by nearly 15 percent yearly, while selecting a 90-day deductible provides an even greater savings," according to Slome.

"One question we are often asked is when is the best age to start looking into long term care insurance," the expert notes. "The younger you are the more likely you will qualify for good health discounts as well as obtain lower rates." The guide provides industry average costs for buyers from ages 40 up to age 65.

The guide can be read free of charge along with four prior consumer guides offered on the Association's website at www.aaltci.org/long-term-care-insurance-costs. No sign-in or personal information is required to read the guide. For information or to connect with a long term care insurance professional who is a member of the Association, call the organization at (818) 597-3227.