A single long-term care insurance policyholder claim has exceeded two million dollars (actually $2.6M for a female). The largest claim still being paid to a male policyholder reached nearly $1.6 million. Why is this important? First, it's the first time we've seen a single claim in excess of $2 million. Second, because consumers mistakenly perceive this protection in 'investment' terms … will I get my money back? Insurance agents need info like this to tell the story properly! When it … [Read more...]
About the Author
Jesse R. Slome, CLU, ChFC, is a leading expert in the fields of long-term care and critical illness insurance marketing and sales. Slome is founder and executive director of the American Association for Long-Term Care Insurance (www.AALTCI.org) , the national associations serving insurance and financial professionals who market LTCI financing solutions. Slome is often quoted in leading industry and business publications in addition to numerous radio and TV appearances. In 2011 he became the first recipient of the Long-Term Care Insurance Industry Lifetime Achievement Award for his 20+ years serving as the voice for the LTCI industry.