A new report from the American Council of Life Insurers (ACLI) finds that private long-term-care insurance (LTCI) can save Medicaid $47.7 billion and reduce consumers’ out-of-pocket expenses to pay for care by $69 billion. The report, “Who Will Pay for Our Long-Term Care,” also shows that women are at a higher risk of needing long-term care than men.

Total individual life insurance new annualized premium improved four percent in the third quarter of 2014, according to LIMRA’s Retail Individual Life Insurance Survey.

Hello Industry Colleagues:

One out of every four adults would rather go to the dentist than talk about their long-term-care (LTC) or aging needs.

Make 2015 Your Best Year Ever!

Date: Thursday, December 18, 2014
Time: 2:00 PM - 3:00 PM EST

Click here to register now!

In this hour, you will learn from Annette Bau, CFP®:

My grandfather had a long-term-care event late in his life, which lasted for about five years.  Even at a young age, I saw how much this event affected not only my grandfather, but also our family and loved ones around him.  Because he didn’t have any long-term-care insurance coverage, you could see the strain it put on the family both emotionally and financially.  Unfortunately, when he was healthy enough to purchase long-term-care insurance, nobody talked to him about the solutions that were out there and how important they would be to him, should he ever have a need.

As the industry celebrates Long-Term Care Awareness this month, many agents and advisors will be pleased to learn that sales of long-term-care insurance policies are expected to increase next year. “We expect 300,000 Americans will purchase a new traditional long-term care insurance policy or a combo product in 2015," predicts Jesse Slome, executive director of the American Association for Long-Term Care Insurance <http://www.aaltci.org/ (AALTCI).  "The maximum potential benefit value for just 2015 new sales will equate to about $5 billion in future benefit payments for home care services."

How do we win the hearts and minds of today’s consumers?

The insurance industry saw an increase in employment with the addition of 6,300 jobs for the month of September, according to the latest employment numbers from the U.S Bureau of Labor Statistics released in October. The insurance career site, InsuranceJobs.com, recently shared these employment trends.

November is Long-Term-Care Awareness month, a time when the spotlight is on long-term-care insurance (LTCI) and the critical role it can play in your clients’ lives.