Long Term Care Insurance is Just Too Expensive

Cost is consistently one of the top two reasons given by non-LTCI buyers in every survey completed over the last decade. The other reason is that consumers are waiting for tax relief and tax-advantaged ways to purchase LTCI. In this article, I will address the non-buyers of LTCI, because they represent approximately 90 percent of your clients. To be more specific, according to a 2003 LTC Financing Strategy Group study looking at people with incomes of more than $20,000 a year, 84 percent of people aged 65 and older had not yet purchased LTCI, while 95 percent of those between the ages of 45 and 64 were not yet owners of LTCI.

Long Term Care Insurance is Just Too Expensive
Source: Producers Web