The American Association for Long-Term Care Insurance just released results of their research that reported what 10 leading long-term care insurers pay each and every day of the year. It's $10.8 million...365 days a year. That's 53% more than just three years ago in 2007.
The long-term care insurance industry often takes a beating in the media. That has certainly been the case over the past year as insurers announced rate increases and several decied to exit the business.
With so much money paid to claimants, it is obvious that this type of insurance is utilized by its insured. Planning for long-term care is necessary. To determine if long-term care insurance is appropriate for your individual situation, it's best to consult with a Long-Term Care Specialist.
Saturday, February 12, 2011
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