“Younger People Find Long-Term-Care Insurance Is Harder To Get,” by Jadah Riley, Financial Planning

“Younger applicants for long-term-care insurance are being turned down at higher rates than before, according to a new study by the American Association for Long-Term Care Insurance (AALTCI). At the same time, the study, which evaluated leading LTC providers, found that people age 70 and over are rejected at the highest rate, 44%, a figure that didn’t change all that much from a similar survey done in 2014. … Rejection rates for younger applicants did rise significantly on a percentage basis, the AALTCI found. The decline rate for individuals between ages 50 and 59 was 22% in 2017 versus 17% in 2014, according to Slome. The decline rate for applicants below age 50 was 20% in 2017 compared with 12% in 2014.”

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

All the more reason to get LTC insurance while the getting is good.

Younger People Find Long-Term-Care Insurance Is Harder To Get

#long-term-care
#goldencareagent