Long Term Care Insurance Buyers Are Under 60 Cites AALTCI Director
The average buyer for long-term care insurance in 2015 was between 56 and 57, almost a decade younger than average buyers in 2,000 reports the director of the American Association for Long-Term Care Insurance.
Los Angeles, CA, March 04, 2016 --(PR.com)-- Individuals who purchase long term care insurance are often under age 60, the vast majority are married and college educated advises the head of the American Association for Long-Term Care Insurance.
"We now know a lot about who buys long term care insurance," shares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, a national insurance trade group. Slome was addressing insurance professionals who market various insurance products as part of a national education campaign.
Slome pointed to recent surveys conducted by AALTCI and other leading industry organizations that examined typical buyers for the insurance protection. "Buyers have a median income of $90,000 annually and over three-fourths have median incomes of $50,000 or more," Slome noted.
The vast majority of buyers, nearly three quarters according to the national long term care insurance expert have college education.
Slome urged insurance professionals to do what they can to educate themselves and then their clients. "Start by knowing which individuals are going to be most likely to purchase this protection because while all Americans face a potential long term care crisis at some point, only a limited percentage can and will buy insurance to address the risk," Slome concluded. "And, don't overlook short term care insurance as an increasingly viable and affordable solution for millions of middle income families who want some coverage in place."
The American Association for Long Term Care Insurance (AALTCI) is a national trade organization promotes sound and affordable planning for Americans. To obtain long term care insurance cost comparisons from a designated professional call (818) 597-3227 or visit the organization's website at www.aaltci.org. To learn more about short term care insurance, visit www.aaltci.org/short-term-care-insurance/.
"We now know a lot about who buys long term care insurance," shares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, a national insurance trade group. Slome was addressing insurance professionals who market various insurance products as part of a national education campaign.
Slome pointed to recent surveys conducted by AALTCI and other leading industry organizations that examined typical buyers for the insurance protection. "Buyers have a median income of $90,000 annually and over three-fourths have median incomes of $50,000 or more," Slome noted.
The vast majority of buyers, nearly three quarters according to the national long term care insurance expert have college education.
Slome urged insurance professionals to do what they can to educate themselves and then their clients. "Start by knowing which individuals are going to be most likely to purchase this protection because while all Americans face a potential long term care crisis at some point, only a limited percentage can and will buy insurance to address the risk," Slome concluded. "And, don't overlook short term care insurance as an increasingly viable and affordable solution for millions of middle income families who want some coverage in place."
The American Association for Long Term Care Insurance (AALTCI) is a national trade organization promotes sound and affordable planning for Americans. To obtain long term care insurance cost comparisons from a designated professional call (818) 597-3227 or visit the organization's website at www.aaltci.org. To learn more about short term care insurance, visit www.aaltci.org/short-term-care-insurance/.
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
Categories