“Largest LTCi Claim Exceeds $2 Million,” by Jesse Slome, Advisor Magazine

Quote:

“A single long-term care insurance policyholder claim has exceeded two million dollars (actually $2.6M for a female).  The largest claim still being paid to a male policyholder reached nearly $1.6 million. Why is this important?  First, it’s the first time we’ve seen a single claim in excess of $2 million.  Second, because consumers mistakenly perceive this protection in ‘investment’ terms … will I get my money back?  Advisors need info like this to tell the story properly! When it comes to LTC insurance (or most insurance for that matter) some will get NO benefit … some will get SOME benefit … and a few will get HUGE benefit.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Fascinating findings. I wonder how many million-dollar claims Medicaid has paid.

Largest LTCi Claim Exceeds $2 Million

#LTCi
#goldencareagent