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Real Estate News Releases
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(EMAILWIRE.COM, September 27, 2011 ) Los Angeles, CA -- Two new consumer guides to long term care planning have been made available online from the American Association for Long-Term Care Insurance (AALTCI), the national trade group. The educational guides were previously contained in issues of Kiplinger's Personal Finance magazine.
Two guides contain valuable information on planning techniques, ways to reduce long term care insurance cost, as well as the latest research and data on what levels of protection typical consumers need and purchase.
"Long term care insurance planning is still relatively relatively new for Americans, so the more knowledge one gains the better he or she will be prepared to make educated decisions," explains Jesse Slome, AALTCI's executive director. "Each of these guides contains a combination of the most current industry information along with valuable information addressing the most common questions typically posed by consumers."
Roughly eight million Americans currently own long-term care insurance protection according to Association research and nearly 500,000 new policies will be purchased this year. Experts expect the number of individuals needing long-term care after turning age 65 will grow significantly in the next decade. Little of this care is paid for by traditional health insurance or Medicare, Slome notes.
"When it comes to long term care planning it is best to start prior to age 64 when one typically has the most options available," Slome explains. "Few people are aware of the discounts available that can make long-term care insurance quite affordable." The new guides provide explanations of various ways to reduce long term care insurance cost.
The average long term care insurance policy for a single 55-year-old individual will cost $1,480 a year for $169,000 or immediate protection, growing to over $300,000 by the time the policyholder reaches age 75. "Discounts make coverage significantly attractive for couples," Slome notes. A couple with both spouses ages 55 will pay $2,350 combined for immediate coverage valued at $338,000 and growing to $600,000 when they reach ages 75. Rates are based on the Association's 2011 LTC Price Index, an analysis of costs from 12 leading insurers.
Access to both guides is available via the Association's website at http://www.aaltci.org/long-term-care-insurance-cost/ . No sign-in or personal information is required to access the information.
The American Assn for Long-Term Care Ins
Jesse Slome
(818)-597-3227
jslome@aaltci.org 
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