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Follow on Google News | California, Texas and Florida Have Most Long Term Care Insurance OwnersCalifornia, Texas, Florida and New York have the most residents with long term care insurance but Massachusetts showed the greatest increase according to an American Association for Long-Term Care Insurance report.
“The larger states with their larger populations were expected to have the most policyholders,” Massachusetts reported the largest percentage increase in the number of year-to-year owners for the top 15 states. “Our study found an almost 21 percent increase in the number of residents with long term care insurance,” Slome adds. A few states included in the Association’ “Residents in every state have been hearing repeated news stories about how State and also Federal programs are being cut back,” Slome says. “People understand that if they want choice and options for how and where they will receive care, they need to plan and not depend on whatever government programs may exist in the years to come. More have been turning to long term care insurance as a way to deal with the costly risk of living a long life.” The Association has several thousand long term care insurance professionals who are members and available to provide free no-obligation information on the topic. To connect with one call the organization’ End
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