Los Angeles, CA, February 08, 2018 --(PR.com
)-- When stock markets suffer significant drops consumers recognize the negative impact volatility can have on their retirement plans. The current market drop can help those advising consumers shares the director of the American Association for Long-Term Care Insurance (AALTCI), a national trade organization.
"When stock markets regularly reach new highs people feel confident and rich," declared Jesse Slome, AALTCI's director. "Many take it for granted the trend will continue and that eases their concerns about life and trends during retirement." Slome was discussing the impact of recent stock market losses with a group of leading long-term care (LTC) insurance and financial professionals.
"The past two days have certainly resulted in a feeling of insecurity among millions of Americans, particularly those who are current in or approaching retirement," Slome explained to the audience. "We easily forget the impact of market volatility a mistake because life happens especially as we age and the risk of needing costly long-term care only increases."
Slome was recommending that insurance and financial professionals remind their clients and prospects that one of the values of having insurance is a guarantee of benefits no matter how stock markets perform. "People too easily forget that insurance is assurance that benefits will be available," Slome adds. "That you won't have to sell stocks when market conditions are unfavorable or worse have to turn to family members and loved ones to provide your care."
The need for consumers to plan has not diminished Slome advised the audience. "Whether we are seeing record stock market indices or periods of volatility, today more consumers than ever have the interest and willingness to explore options," the long-term care insurance expert noted.
To learn more about long-term care insurance planning options call the American Association for Long-Term Care Insurance at 818-597-3227 or visit the organization's website at www.aaltci.org to find LTC insurance professionals.