Los Angeles, CA, May 01, 2014 --(PR.com
)-- A news report distributed today from the American Association for Long Term Care Insurance indicates reasons why group long term care insurance is again gaining favor.
"Interest in long term care insurance is growing again especially among firms with 20-to-99 employees," reports Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI) a national trade group. "There are five million companies with that many employees according to the latest U.S. census data. They account for over 20 million workers."
The Association distributed a news report earlier today that has already appeared in some 300 major news outlets. Support for the effort came from LTC Solutions, a national distributor of individual and multi-life long term care insurance products headquartered in Cape Coral, Florida.
The AALTCI analysis of 8,000 employer plans sold in the past few years found that 21 percent of participants were less than 54 years of age with four percent of buyers age 44 or younger. "Participants in employer-sponsored plans tend to be younger and nearly 40 percent had incomes under $75,000," Slome notes.
The Association-issued news release has appeared in several hundred media outlets today including MarketWatch, the website for The Wall Street Journal, those for business journals as well as daily television stations and newspapers nationwide.