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Follow on Google News | Long-Term Care Insurance Claims Probability Reported By AssociationBy: AALTCI "If you live a long life the risk of needing long-term care increases dramatically," Slome was addressing long-term care insurance professionals sharing information on the risk faced by women who reach age 65. "Women who are in relatively good health when they turn 65 are likely going to make it into their 80s, 90s and even beyond. The new information can help you convey the importance of planning," Slome acknowledged. "Long- According to the Association director, a woman age 65 faces a 43.9 percent probability of needing long-term care when she reaches the ages 85-to-89. "This information is particularly relevant because the probability risk was calculated based on needing help with two or more ADL," Slome adds. "This is important because many other reports referencing long-term care are broader. They include IADLs which would not qualify an individual for benefits under a traditional long-term care insurance policy." The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. The data was shared with permission by HealthView Services LLC. To access the latest long-term care insurance statistics and data visit the organization's website at https://www.aaltci.org/ End
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