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Association Helps Consumers Compare Linked-Benefit Long-Term Care Insurance
"With more financial advisors recommending the virtues of various products that may address long-term care, consumers are looking for second opinions and information,"
The Association recently launched an updated online resource focused specifically on inked-benefit long-term care. "These products can actually be more confusing to consumers, especially because there is a whole category that look and feel like LTC but clearly state they are not intended to be long-term care insurance," Slome advises.
Earlier this month the organization released their first Linked Benefit Long-Term Care Price Index report. The analysis reported a combination of premium costs as well as future available long-term care and life insurance payouts.
"With linked benefit solutions, it's vital to look at the potential benefits because they will vary from one insurance company's policy to another," Slome explained. "It's a lot more complex than simply looking for the lowest premium cost."
The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of long-term care planning and supports insurance professionals who market both traditional and linked-benefit LTC solutions. To access the price index information, go to https://www.aaltci.org/
To learn more about linked benefit long-term care insurance solutions call the organization at 818-597-3227 or visit their website https://www.aaltci.org/