The Advisor's View of Long-Term Care Planning

Claim numbers for LTC coverage starting to add up

Posted by LTCI Partners | Feb 6, 2014 9:49:00 AM

Although year over year sales for LTC have been flat recently, the amount of claims being paid has steadily increased. This is not surprising considering how common the long-term care need is among older adults.

According to the AALTCI, about $7.5 billion in claims were paid to over 273,000 individuals in 2013, an increase of 13% over 2012. Carriers such as Mutual of Omaha are touting their claims payment in advisor education pieces like the one below

 



Moo claims piece

 

Topics: For financial professionals

Written by LTCI Partners

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