Most Long Term Care Insurance Buyers Under Age 65 Reports AALTCI
The vast majority of individuals who purchased long term care insurance were under age 65 reports the American Association for Long Term Care Insurance.
Los Angeles, CA, July 11, 2015 --(PR.com)-- Individuals who purchased long term care insurance protection in 2014 tended to be between the ages of 45 and 64 reports the American Association for Long Term Care Insurance.
"The sweet spot for planning in my opinion is between ages 55 and 65, before you start being covered by Medicare," explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI). The Association just released copies of it's 2015/2016 Long Term Care Sourcebook, the leading compendium of research focused on the industry.
According to the Association's study of 2014 buyers, some 25.0 percent were between ages 45 and 54. Some 55.2 percent were between ages 55 and 64.
"This is the right age to implement your plan for the very real risk of needing long term care at some point," Slome notes. "Insurers require that you meet acceptable health standards and after age 65 and 70, well, a far larger percentage of us simply can't meet those standards."
The buyer study appears in the 2015-2016 Long Term Care Sourcebook, released this week by the organization. Copies are provided free of charge to all current Association members. To learn more go to, http://goo.gl/BWpygP
The American Association for Long-Term Care Insurance and the National Advisory Center for Short Term Care Information were established to create consumer awareness and support insurance professionals. To receive more information or connect with a licensed professional for short term care insurance cost comparisons call the organization at 818-597-3227 or visit the AALTCI website.
"The sweet spot for planning in my opinion is between ages 55 and 65, before you start being covered by Medicare," explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI). The Association just released copies of it's 2015/2016 Long Term Care Sourcebook, the leading compendium of research focused on the industry.
According to the Association's study of 2014 buyers, some 25.0 percent were between ages 45 and 54. Some 55.2 percent were between ages 55 and 64.
"This is the right age to implement your plan for the very real risk of needing long term care at some point," Slome notes. "Insurers require that you meet acceptable health standards and after age 65 and 70, well, a far larger percentage of us simply can't meet those standards."
The buyer study appears in the 2015-2016 Long Term Care Sourcebook, released this week by the organization. Copies are provided free of charge to all current Association members. To learn more go to, http://goo.gl/BWpygP
The American Association for Long-Term Care Insurance and the National Advisory Center for Short Term Care Information were established to create consumer awareness and support insurance professionals. To receive more information or connect with a licensed professional for short term care insurance cost comparisons call the organization at 818-597-3227 or visit the AALTCI website.
Contact
American Association for Long-Term Care Insurance
Jesse Slome
818-597-3205
www.aaltci.org
Jesse Slome
818-597-3205
www.aaltci.org
Contact
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