Consumer Knowledge of Long-term Care Improving--Sorta

September 2002
Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p30
Academic Journal
This article presents the results of a survey conducted by Field Institute regarding California consumer's knowledge of long-term care as of September 2002. A poll shows that they are becoming more knowledgeable and more willing to use long-term care (LTC) insurance policies--but they still have a long way to go. The poll compared its 1994 study with its 2001 results and found an eight percent decline among those who think long-term care policies are too expensive and a five percent increase in those considering buying an LTC policy. On the other hand, 61 percent still aren't giving LTC insurance a thought, 26 percent think they'll never need long-term care and half believe their chances are less than 25 percent, about 80 percent underestimate or don't know the cost of LTC, and 55 percent believe either their health insurance policy will cover their long-term care needs or they're not sure if it does.


Related Articles

  • What to look for in an LTC policy.  // Consumer Reports Money Adviser;Feb2011, Vol. 8 Issue 2, p13 

    The article presents advice on selecting a long-term-care policy. First figure out how much coverage you will need, factoring in 5% inflation compounded annually. Find a policy that does not require multiple disabilities before benefits are paid. Consider buying a plan that will provide benefits...

  • How to Boost Your LTCI Production. Boglioli, Wendy // Advisor Today;Sep/Oct2015, Vol. 110 Issue 5, p26 

    The article discusses approaches for enhancing the production of the long-term care insurance (LTCI). Topics discussed include earning the trust of clients by gaining information about the LTCI marketplace; importance of interactive discussion with the client for selling LTCI product; and...

  • Selling More Of It In The Worksite. KELLY, WILLIAM (TINKER); BARDES, DAVID A. // National Underwriter / Life & Health Financial Services;12/1/2008, Vol. 112 Issue 41, p16 

    The article looks into the reasons for the failure of long term care (LTC) insurance. It states that the policy failed mainly because of two reasons which includes the complicated sale and its conditions which people believed that may never be needed. It highlights that when one needs the LTC,...

  • Facts you should know about long-term care insurance. Fay, W. David // Inside Tucson Business;5/11/2009, Vol. 18 Issue 50, p16 

    The article offers information about long-term care insurance in Tucson, Arizona. It expects that nearly nine million Americans over the age 65 will need some long-term care. It suggests people not to let youth calm into a false sense of security. It also points out that long-term care cost can...

  • Unexpectedly, there's one kind of care not covered by Medicare. CLINCO, JUDY // Inside Tucson Business;1/11/2013, Vol. 22 Issue 32, p21 

    The author discusses the issues on long-term care insurance, which is not included in the Medicare coverage. She says that the services are covered by Medicaid and the Arizona Long Term Care System (ALTCS), both are low-income scheme. She mentions the significance of applying for a long-term...

  • Americans expect family, friends to provide for long-term care, survey says.  // Westchester County Business Journal;11/20/2006, Vol. 45 Issue 47, p36 

    The article discusses the results of a survey conducted by the Life and Health Insurance Foundation for Education which found that nearly four in 10 Americans said they would turn to family and friends if they were ever to need long-term-care services compared with relatively few who say they...

  • LTCI Can Be Wise Buy for Midsize Employers. Wendt, Lisa // Benefits & Compensation Digest;Aug2010, Vol. 47 Issue 8, p28 

    The article discusses long-term care insurance (LTCI) for midsize employers. It is implied that LTCI can be beneficial to both employers and employees as it offers various protection and support to the employee, resulting into better productivity and less health-related costs for the employer....

  • Making a client's "what if" money work harder. CAJTHAML, MIKE // National Underwriter / Life & Health Financial Services;Sep2013, Vol. 117 Issue 9, p50 

    The article discusses the importance of long-term care (LTC) insurance. It says that purchasing LTC offers several benefits to clients including healthcare insurance, adult daycare, and personal care services. It states that assets of LTC holders can be transferred to any inheritors of a client....

  • Why Isn't LTC Growing Faster? Piontek, Stephen // National Underwriter / Life & Health Financial Services;2/11/2002, Vol. 106 Issue 6, p24 

    Explains the causes of the slow growth of long-term care (LTC) insurance. Attitudes of consumers toward LTC insurance products; Result of a survey on the attitude of consumers toward LTC; Impediments to the growth of LTC insurance; Importance of the education of consumers and producers to the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics