Navigation Links
Long Term Care Insurance Buyer’s Age Drops Dramatically
Date:8/27/2013

nd marketing was mostly relegated to the silver-haired crowd aged 60+. Insurance companies targeted people aged 60 to 80 as prime candidates for long term care policies for a multitude of reasons. Older clients would be more sympathetic to the need, for one thing. Today, however, retirement planning starts at younger ages as savvy baby boomers seek to establish well defined retirement plans that their longevity won't outlast decades ahead of time.

In addition, increasingly inquisitive (and younger) baby boomers are using the Internet to research (and ultimately purchase) long term care insurance. In the old days, a local agent may give a free dinner seminar and then come out to the house for that infamous insurance sales meeting. The meeting was a dog and pony show about a policy that culminated in the client writing a big check to put coverage in force without knowing any alternatives. LTC Tree's data is based on Internet buyers, so the cohort tends to be savvier, younger, and healthier, according to Nichols.

Insurance Company Rules

As time went on and more claims data came in, the insurers noticed that they preferred younger clients with a longer "runway" of premiums on average. The maximum age for purchase came down from 84 to 79 to 75 with most long term care companies over the years. The LTC Tree study also found that decline rates for those ages 65+ are 220% higher than decline rates for those ages 45-55. One theory is that so- called "adverse selection" would be higher with older buyers than with younger, healthier buyers.

LTC Tree’s report provides new insight into the long term care industry and what affects buyers’ purchasing decisions. As these younger, savvier boomers watch their parents receive long term care services, they are beginning to realize the importance of insuring their own long term health.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Page: 1 2 3

Related medicine news :

1. SunshineBloggers Urges Readers to Consider Term Life Insurance
2. Homeowners Hail Damage Sends Many Scurrying For Insurance Coverage
3. Zane Benefits Publishes New Information on Utah Health Insurance Exchange Rates
4. Frequent Denver Wildfires Endanger Residents, Local Agency JJ Insurance Offers Wildfire Protection and Safety Information
5. Tolman and Wiker Insurance Services, LLC Sponsors ACT Today!’s 8th Annual Denim & Diamonds for Autism
6. Zane Benefits Publishes New Information on Florida Health Insurance Exchange Rates
7. Zane Benefits Publishes New Information on Maryland Health Insurance Exchange Rates
8. The Future of Life Insurance, EQUOTE.com Provides Great Rates Without Intrusive Medical Exams
9. Term Life Insurance With No Medical Exam Now Available Online from EQUOTE.com
10. Pacific Prime Clients in China to See Increased Cover as Health Insurance Premiums Continue to Grow
11. Zane Benefits Publishes New Information on Health Insurance Broker Exiting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/25/2015)... On Friday, April 17, Interstate Batteries ... Best Implementation Award. This award is given to ... of RFID technology to improve its manufacturing, supply chain ... best demonstrates how RFID is delivering real value to ... Live! 2015 in San Diego, the RFID industries annual ...
(Date:4/24/2015)... Illinois (PRWEB) April 24, 2015 Multi ... includes septic tank pumping ( http://www.zeitersseptics.com/multi-customer-discount.html ) of 1000-1500 ... to start the program. This does not include any ... applicable. Save $25-$65 per person. If someone is part ... or two tanks totaling approximately 2500 gallons or more, ...
(Date:4/24/2015)... The Fastest Fat Loss Week Ever, released by Shaun Hadsall ... Fat Loss Diet, has been causing a lot of commotion ... to help one lose belly fat in only 25 days ... investigative review. , "Our Fastest Fat Loss Week Ever ... experimenting with these methods on their clients with great success. ...
(Date:4/24/2015)... The first step to transforming one’s ... For meditation and yoga teacher Stine Koppernæs, meditation and ... tools that allow her to experience more peace and ... a teacher since 2006, and through the years she ... being. , “I love sharing this way of finding ...
(Date:4/24/2015)... April 24, 2015 Integrative Therapeutics ... key pathways: immunity and cognition. , A unique ... helps set ProThrivers™ Wellness Flavonoid Complex apart from ... combination of ingredients to support antioxidation versus the ... unites curcumin, green tea extract, Resveratrol, Alpha-Glycosyl Isoquercitrin, ...
Breaking Medicine News(10 mins):Health News:Seeonic’s Industry Leading Technology Powers Interstate Batteries to Winning Award 2Health News:Zeiter's Septics Inc. Offers Multi Customer Septic Tank Cleaning Program in Cook, Putnam & Will Counties in May 2015 2Health News:Zeiter's Septics Inc. Offers Multi Customer Septic Tank Cleaning Program in Cook, Putnam & Will Counties in May 2015 3Health News:Fastest Fat Loss Week Ever Review Revealed on Healthy & Fit Zone 2Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 2Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 3Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 4
... The Female Health Company,(Amex: FHC ) announced ... which,implements the USAID | DELIVER PROJECT, for the delivery ... Agency for International,Development (USAID) programs., For many years, ... and condoms. The Agency developed an operational plan for,its ...
... mice show curcumin reduces heart enlargement and lowers odds ... -- Curcumin, an ingredient in the curry spice tumeric, ... of heart failure, Canadian researchers say. , The scientists ... General Hospital tested the effects of curcumin in mice ...
... carries same risk as other circulatory problems, experts say. ... suffering from age-related macular degeneration (AMD) have twice the ... researchers report. , The degenerative eye disease is the ... in developed countries and affects the center of the ...
... Inc. (Nasdaq: NHWK ), the leading provider of ... States,today announced that it will present at the Cowen ... 18, 2008, at 11:00 am EDT at the,Boston Marriott ... and,Chief Executive Officer, Andrea Clegg, Vice President of Finance ...
... TORONTO, Feb. 28 /PRNewswire-FirstCall/ - MDS Inc. (TSX: ... services to the global life,sciences markets, announced that ... on Thursday, March 6., The Company will ... P.,DeFalco, President and Chief Executive Officer and Douglas ...
... clubs across the country will become the "Gateway to,Healthy ... transform,their lives and take better care of themselves., ... Annual,Get Active America! program, participating health clubs will open ... can revitalize their lives and,benefit from the supportive environment ...
Cached Medicine News:Health News:The Female Health Company Receives USAID DELIVER PROJECT Order for 6.1 Million Units 2Health News:Curry Ingredient May Cut Cardiovascular Risks 2Health News:Age-Related Macular Degeneration Doubles Heart Attack and Stroke Risk 2Health News:Age-Related Macular Degeneration Doubles Heart Attack and Stroke Risk 3Health News:NightHawk Radiology Holdings, Inc. to Speak at the Cowen and Company 28th Annual Health Care Conference on March 18, 2008 2Health News:Health Clubs Open Doors Free for 5th Annual Get Active America! Month and Become Gateway to Healthy Living 2Health News:Health Clubs Open Doors Free for 5th Annual Get Active America! Month and Become Gateway to Healthy Living 3
(Date:4/24/2015)... April 24, 2015  New technologies and online ... to educate themselves about products and companies. Likewise, ... techniques available to market researchers seeking insights into ... marketplace, it,s imperative that organizations adjust their consumer ... market opportunities, niches and growth fronts. ...
(Date:4/24/2015)... , Apr. 24, 2015 Research and Markets ... the "Global Biobanking Market 2015-2019" report to ... Biobanking market to grow at a CAGR of 7.07% ... market can be divided into two segments: Equipment and ... growth prospects of the Global Biobanking market for the ...
(Date:4/24/2015)... Hi-Tech Pharmaceuticals refutes the results from ... of reliable scientific principles and methods and therefore ... of adulteration. The FDA is resting its very, ... misguided hope, that Methylphenylethylamine is not found in ... multiple other studies and cannot be relied on ...
Breaking Medicine Technology:Pharmaceutical Industry Using New Technologies to Adjust Their Marketing and Research Approaches for Consumers 2Global Biobanking Market Report 2015-2019 - Increase in Strategic Collaborations with Beckman Coulter, Tecan & Thermo Fischer Scientific Dominating 2Hi-Tech Responds to "Bullying Tactics" Issued by FDA on Acacia Rigidula 2Hi-Tech Responds to "Bullying Tactics" Issued by FDA on Acacia Rigidula 3Hi-Tech Responds to "Bullying Tactics" Issued by FDA on Acacia Rigidula 4Hi-Tech Responds to "Bullying Tactics" Issued by FDA on Acacia Rigidula 5Hi-Tech Responds to "Bullying Tactics" Issued by FDA on Acacia Rigidula 6
... a scientifically advanced nutritional formulation that ... full body health. MacularProtect Complete is ... and other advanced research. It features ... a broad foundation of antioxidants, such ...
... is a scientifically advanced multinutrient ... visual and full body health. ... nutrients, including a diverse array ... lutein, lycopene and OptiBerry and ...
Ocuvite® Lutein is an advanced antioxidant supplement formulated to provide nutritional support for the eye....
... The herbal extracts, vitamins, ... formula increases circulation to ocular ... maintains healthy function of the ... eye. This formula is optimized ...
Medicine Products: