The American Association for Long-Term Care Insurance (AALTCI) has published a new consumer brochure designed to help agents and brokers make consumers aware of discounts available when applying for long term care insurance protection.
According to the association, just over 7 million Americans now own long term care insurance. "We project the number of policyholders can double within the next five years as awareness grows," said Jesse Slome, executive director of AALTCI. "Making individuals aware of the many available discounts that can reduce the cost of coverage by between 10 and 50 percent yearly is critical to achieving expanded market penetration."
The eight-page consumer guide produced by the association describes the more common discounts offered by top insurers. "Your good health today can save you from 10 to 20 percent each year," Slome said. "Married couples and even unmarried adults living together may be able to save an additional 15 to 40 percent annually." The percentage and the rules applying to discounts vary from one insurer to another.
The new brochure can be viewed on the American Association for Long-Term Care Insurance Web site (www.aaltci.org). For more information call the association at 818-597-3227.
