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...#8221; Today, a private room in a nursing home costs about $137 a day, or $50,...vidends.   America's need for long-term care will increase as health care costs continue to rise. The oldest ...

... 0 ) Long-Term Care Insurance: Another Cross-Marketing Door For P/C Agencies This content has not been rated yet. CompleteMarkets Editor , david goodwin 4/30/2013 12:00:00 AM The Long-term Care (LTC) family of products includes coverages for nursing homes, adult day care, home health care, assisted living facilities, and other related benefits. LTC has unique qualities, and there are many variations among the carriers. LTC isn't a new concept. The coverage has been around for decades, but only ... has it been widely discussed. With the new wave of interest in LTC, sales took off slowly, built up, and then leveled off. All of this activity adds up to this picture: A large number of LTC prospects have heard about the product but haven't yet bought it. Why not? All Articles by CompleteMarkets Editor Comments (0 ) 1 2 3 x No Thanks Loading.. Loading.. x No Thanks Loading.. ...

... Back Long-Term Care Insurance: Another Cross-Marketing Door For P/C Agencies 4/30/2013 12:00:00 AM by CompleteMarkets Editor , david goodwin This content has not been rated yet. The Long-term Care (LTC) family of products includes coverages for nursing homes, adult day care, home health care, assisted living facilities, and other related benefits. LTC has unique qualities, and there are many variations among the carriers. LTC isn't a new concept. The coverage has been around for decades, but only ... has it been widely discussed. With the new wave of interest in LTC, sales took off slowly, built up, and then leveled off. All of this activity adds up to this picture: A large number of LTC prospects have heard about the product but haven't yet bought it. Why not? WHY SALES ARE SLOW Unfamiliarity with the coverages. Despite consumer articles about LTC, the coverage hasn't yet been widely seen in action. The typical consumer doesn't have many friends or relatives - if any - who've been through the ... Long Term Care Insurance Another Cross Marketing Door For P C Agencies ...

...84-year-old female who lived in a nursing home had a policy with $1 million face, cas...

... . Again, some employers offer basic disability insurance that covers extended illnesses, but you need to determine if the coverage is long- or short-term to meet your needs adequately. &# 160 Long Term Care Insurance. Provides coverage for skilled and custodial care in a nursing home. Some policies also may cover home health care expenses. You can purchase coverage for yourself, your spouse and your parents to offset the costly expense of nursing home care, which most people pay out of their savings. Policy costs are determined by the ... life often determines the type of insurance and amount of coverage you need. Life stage is defined by &# 160 Age &# 160 Marital status (single, married, widowed, divorced) &# 160 Parent or childless &# 160 Own or rent a home or other major property &# 160 Employed or unemployed &# 160 Work in traditional setting or at home &# 160 Own business or employed by others &# 160 Life Stage Defines Need &# 160 Various factors significantly impact the types and comprehensives of insurance ... s ) covered for income lost due to a disabling injury or illness. It enables your earning power to continue even if your earnings do not. Again, some employers offer basic disability insurance that covers extended illnesses, but you need to determine if the coverage is long- or short-term to meet your needs adequately. &# 160 Long Term Care Insurance. Provides coverage for skilled and custodial care in a nursing home. Some policies also may cover home health care expenses. You can purchase coverage for yourself, your spouse and ...

...r skilled and custodial care in a nursing home. Some policies also may cover h...overage whether you operate from your home or another location. While homeowners insurance may cover business ...

... the need. As an agent, you need to focus on the "what ifs" for this group. "What if you're permanently injured after a car crash and need care? How would you pay for it?" Today, a private room in a nursing home costs about $137 a day, or $50,000 a year, according to a MetLife survey. This is only an average ? in some cities the price can double. &# 160 Ask your middle-aged prospects about the health of their parents ... The long-term care issue becomes more real after experiencing or thinking about providing long-term care for a parent or relative. &# 160 Point out that the best time to buy insurance is when you're healthy and can qualify for the best rates. LTCI is much less expensive at younger issue ages. The client locks in the low rate for that issue age forever. If your customer keeps the policy long enough, they might actually pay less total premium by buying it sooner than later — while enjoying more years of protection. &# ... COMPLETING A FINANCIAL PLAN WITH LTCI &# 160 Ensuring that your clients have adequate LTCI gives them total flexibility in their financial planning because they no longer have to save for long-term care. Instead, the remaining money can be dedicated to retirement and their children's education — and you can help them invest to reach these goals. &# 160 If you're starting with a disability sale, LTCI is a perfect add-on. For working people, DI and LTCI address two sides of the same problem. One replaces salary, while the other ...