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The Consumers’ Guide To Long Term Care Insurance
Americahas more than 35 million people over the age of 65 today and that number isexpected to double by the year 2030. Medicare and Medicaid are already strainedand few “baby boomers” have confidence that these programs will remain solvent.As a result, more “boomers” and retirees are researching and purchasing privateLong Term Care insurance to provide for them in their final years. In writing this book, Mr. Rowleytaps into his years of insurance industry experience as no one has done before.He guides the reader through the most comprehensive and concise analysis ofLong Term Care insurance ever written. He unlocks the complex mysteries ofinsurance in a manner that is straightforward and easy to understand. Beginning with histories of aging and eldercare, this book quickly sets the “big picture” explaining the need for LongTerm Care Insurance today. From understanding the need, to choosing a product,what to expect from the underwriting process, and even how a claim might behandled. Anyone considering the purchase of a Long Term Care policy willconsider this book a “must read”.
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Review by S. Rowley for The Consumers’ Guide To Long Term Care Insurance
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Purchasing a Long Term Care policy is an expensive, usually lifelong, decision. Once they purchase coverage, very few individuals allow it to lapse or replace it with a newer policy. The consumer’s relationship with the insurer may span 20, 30, or even 40 years. Some of these years will be as a healthy premium payer, while others may be as a beneficiary. For this reason, the consumer should take the time to fully understand the product that he or she purchases. It is equally important to determine the strength and stability of the insurance company providing the coverage.This book is a guide to help you, the consumer, better understand Long Term Care insurance. The goal is to translate industry jargon and legalistic policy language into laymen’s terms to help the purchasing public better understand the types of policies and features available in Long Term Care policies so that consumers can assess the value and limitations of Long Term Care insurance.