"When interest rates rise annuities will become a major fixture in the long term care insurance producer's product portfolio," predicts Jesse Slome, director of the American Association for Long-Term Care Insurance. "There are going to be billions of dollars of existing annuities owned by aging seniors that will be converted to newer products that also pay a long term care benefit."
Slome announced that several sessions just added to the organization's national conference will focus on this aspect. "We are pleased to have leading experts from Milliman, the nation's leading actuarial firm, and Forethought Financial Group participating and sharing information,"
"When interest rates rise again to levels where the cost of a significant long term care benefit is negligible, we expect more annuity companies will see the enormous opportunity to capture new dollars and conserve their billions of existing annuity contracts," Slome explained.
For information on attending the 2014 National Long Term Care Solutions Sales Summit, go to the American Association for Long-Term Care Insurance's website. Virtual Insurance Conferences & Expos will broadcast the conference offering free access to live streaming sessions throughout the three-day event.
Access to view the streaming sessions will be made available free-of-charge. To learn more or to register to view the live streaming sessions visit the organization's website at http://www.insuranceExpos.com. For conference sponsorship information call (818) 597-3205.