Filed Under:Health Insurance, Ltci

Real economy


According to new figures released this week by the Bureau of Labor Statistics, the nation’s jobless rate recently fell from 8.1 percent to 7.8 percent.

While both presidential campaigns sprang into spin mode before the ink had dried on this latest report, this columnist ran for his calculator. What I found behind the numbers may prove informative for long-term care insurance (LTCi) advisors operating in the weeks ahead.

According to USA Today, our interest-paying burden is now the lowest since 1977. The next time you encounter a prospect who feels too anxious about his net worth to apply for a long-term care insurance policy, you might remind him that his new, lower mortgage payments just put an extra $3,000 in his pockets this year. So unless he’s putting that home on the market, your $1,200 to $2,200 per year LTCi premium should be manageable.

In any economic recovery, the last indicator to rebound is always unemployment. We know this, but still we complain. It "feels" so real: Heartache in the heartland. We see it on TV.

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Nichole Morford

Nichole Morford
Managing Editor

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