Los Angeles, CA, September 27, 2015 --(PR.com
)-- The Great Recession that began in 2008 has significantly changed the way consumers look at long-term care insurance. Unfortunately, too many insurance agents have not adapted to the changed world and, as a result, are not helping their clients protect themselves against the very real risk associated with needing long term care.
"Changes occur and markets evolve and it is imperative that insurance professionals do the same," declares Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). Slome will address insurance agents as part of the upcoming 2015 National Long Term Care Sales Summit which will be broadcast online and available for free viewing.
According to Slome, in 2007 a typical 55-year old couple would pay $1,982 combined for a typical long-term care insurance policy. "Today, a policy with those features would cost over $5,000 but there is absolutely no reason to pay that much if you follow our 'Good-Better-Best' approach to long term care insurance planning."
Slome plans to share the approach with agents who are attending the national event taking place at the Hyatt Hotel at Dulles Airport, serving Washington D.C. "Agents can attend or they can watch online for free," Slome explains.
Under the 'Good-Better-Best' scenario advocated by Slome, a 55-year-old couple could purchase good coverage and pay less than $1,000 a year combined. "We are going to share the facts and realities with insurance agents so they can help their clients get coverage they need and want for a price they can afford to pay," Slome adds.
Insurance agents interested in learning more about attending the LTC Summit can visit the Association's website at www.aaltci.org/2015summit. To have access to watch online for free, go to Insurance Conferences and Expos and pre-register for no cost access at www.insuranceexpos.com.
Consumers interested in learning more about long term care planning and ways to reduce the cost of this important protection can visit the organization's website at www.aaltci.org.