Don’t wait until they actually have a claim to find out what they should know today.
If you helped your clients purchase a long-term care (LTC) policy years ago while they were younger, healthier and premiums were much less expensive, and you helped them maintain their coverage through several rate increases, congratulations. Having a LTC insurance contract is a wonderful thing. It will provide them with the dollars necessary to pay for some or all of the expenses associated with their care. My 25 years of experience in providing clients with LTC coverage and paying their claims, as well as a 2012 American Health Insurance Professional study, indicate that an individual with private LTC insurance coverage often receives a 60-90% increase in the amount of paid care than an individual without private insurance receives. Second, because their coverage likely provides for a care coordinator, it will allow them to maintain their independence and peace of mind knowing that they’ll never be a burden to their kids, other family members or friends. The care coordinator allows family members and or friends to care