11 million reasons why long term care insurance works

In the world of long term care insurance, it seems like a broken record when it comes to the press: we will report what is wrong and what does not work, as this time online article. I guess if you take a broader look, which is what happens in all areas of life. Negative seems sell more newspapers (or get more eyeballs online).

I do not want to emphasize this part. I tried to balance a side information about long term care insurance that appears in the press in the posts on this blog, as when I addressed the hue and cry about the premium increase. Instead, I want people to hear what works specifically on long-term care insurance 11 million reasons distributed throughout the country.

Nearly $ 11 million that is how the top 10 long term care insurers pay on every day benefits to 5, 75 million insured, according to a new study by the American Association for long term care insurance (AALTCI). This adds to nearly $ 4 billion a year in money that goes into communities across the country to help people get long-term care they need.

Sometimes the numbers that large can make your head spin, so I'll make it personal to you. I have a colleague, Dave, who made a comprehensive financial planning for many years. Because he was not an expert in long term care insurance, he came to my aid. I helped Dave place long-term from nine households care insurance to many of them friends and neighbors. To date, seven customers have achieved their long-term care benefits. And there is not too long, Dave, now 85, called me to tell me it was time for me to help him with his request so that his wife has Alzheimer's disease. Two million of long-term care benefits sank in the neighborhood and the community of Dave because he helped plan every eventuality customers.

These are some of the numbers I wish the press would report. Until they do, however, I will continue to write and talk about them.