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Follow on Google News | Long Term Care Insurance Price Advantage For Women May ChangeWomen current pay the same as men for long term care insurance a price advantage that may change according to the director of the American Association for Long-Term Care Insurance.
“Insurance is protection against risks and those who face greater risks of claims typically pay more for coverage,” explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance, a national trade organization. “We understand that car drivers with multiple accidents pay more for insurance than someone with an accident-free driving record.” Speaking to a female insurance professionals yesterday, Slome urged the agents to speak to their female clients about the importance of long term care planning. “Women today are living longer lives and may will live well into their 80s, 90s and even past 100,” Slome explains. “When you live a long life, the likelihood of needing long term care is exponentially increased and yet so many women have no plan at all for dealing with this matter.” Slome, who is author of the Women’s Guide to Long-Term Care Insurance http://www.aaltci.org/ The long term care insurance expert pointed out that women still enjoy a significant pricing advantage when purchasing long-term care insurance. “Single women pay the same for equal coverage as single men do, despite the fact that their utilization is so much greater,” Slome shared with the female insurance professionals. “But this is likely to change in the years ahead so now is the right time to urge planning.” The American Association for Long Term Care Insurance was established in 1998 to advocate for the importance of planning for long term care and to support insurance and financial professionals who market LTC insurance. To learn more about long term care insurance costs http://www.aaltci.org/ End
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