The 2019 Insurance Barometer Study, just released by LIMRA and Life Happens, gives a graphic look at attitudes and behaviors of consumers in the US.
Of special interest to us here at Cyan are the results for Long Term Care insurance (LTCi). While 48% of the respondents stated they believe they have a need for LTCi, only 15% actually have a solution in place. Thirty-five percent of the respondents noted that they were knowledgeable about LTCi, which is more than double the percentage of respondents who have a solution in place.
LTCi rates go up as you age, and at some point health issues may cause the LTCi carriers to decline to cover you. Call us today at (865)622-2265 to schedule a no-cost appointment to discuss your options.