Long-Term Care Insurance... Does It Pay?

Friday, May 16, 2014

by Keith Eig

YES.

Last year, long-term care insurance companies paid nearly $7.5 billion in claims to 273,000 individuals.  Total payments increase by 13% over the prior year and the number of claims increased by 3.4%.  Over 7,000,000 Americans own a long-term care policy.  Approximately 70% of claims begin in the insured’s home or an assisted living facility.  “Today a long-term care policy is really a nursing home avoidance policy.”

Contact Keith Eig for more information on long-term care insurance and if it's right for you.