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Aging Americans on Notice: When today’s 50 to 60-somethings turn 70 to 80-something, tens of billions of dollars per year will be paid to holders of long-term care insurance policies and related financial instruments. Today LTC Financial Partners, LLC, offers a five-fold path for participation.

eNewsChannels: reverse mortgagesKIRKLAND, Wash. /eNewsChannels/ — NEWS: Aging Americans on Notice: When today’s 50 to 60-somethings turn 70 to 80-something, tens of billions of dollars per year will be paid to holders of long-term care insurance policies and related financial instruments. Today LTC Financial Partners, LLC, offers a five-fold path for participation.

“With more than 77 million aging baby boomers soon to need long-term care, insurance benefit payments are going to mushroom,” says Denise Gott, National Sales Manager at LTC Financial Partners. “According to the American Association for Long-Term Care Insurance, more than $34 billion a year will be paid out by insurers by 2032, up from $6.6 billion in 2012.”

That’s more than a four-fold increase, she points out. “It’s validation of the wisdom of those who got LTC protection when they were young and healthy enough to qualify.”

The growing visibility of those receiving benefits is fueling a resurgence in long-term care planning, she observes. “Already we’re seeing many younger people — mostly 50 to 60-somethings but some in their 40’s — come to us because they want the same benefits their elders are getting.”

Depending on individual circumstances, Gott’s organization recommends one or a combination of five protection options:
* Long-term care insurance,
* Annuities,
* Life insurance policies with LTC riders,
* Reverse mortgages, and
* Critical illness insurance.

LTC insurance continues to be the most popular option in spite of industry consolidation and recent rate increases. “Care is simply costing more,” says Gott, “and people are living longer and need care for longer periods. This puts the rate increases in perspective and only heightens the importance of planning for care one way or another.”

Beyond the coming tens of billions in LTC insurance claims payments, tens of billions more will go to those who protect themselves through the other four instruments, Gott says.

Information on LTC insurance and the other options is available from the following LTCFP specialists:

CA: Phyllis Solgere — 909-627-5587
CA: Laura Weber — 714-674-0190
CA: Sarah Fisher — 510-230-4301
CA: Jim Valentine — 408-792-0540
CA: Petra Petry — 949-351-0347
CA: Art Neibrief — 707-974-8282
CT: Larry Golfin — 860-677-4075
CT: Steve Foss — 860-539-0674
CT: Leonard Wik — 860-432-1870
FL: George Braddock — 305-378-8091
FL: Janet Washburn — 239-404-7590
GA: Belen Hickman — 404-245-2444
GA: Amy Pollock — 404-237-1189
ID: Linda Hicks — 208-331-2803
IL: Robin Frank — 773-774-2600
IN: Kirk Bennett — 260-969-1310
MI: Tom Varner — 810-796-2405
MN: Jennifer Ragborg — 952-898-2750
MO: Wendy Rinehart — 816-886-2358
MO: Keith Eisberg — 573-303-3007
NE: Larry Heinert — 402-339-8643
NE: Larry Neuwirth — 308-635-2023
NJ: Michael B. FitzPatrick — 862-242-8787
NJ: Richard Landau — 201-476-0880
NJ: James Cundari — 973-450-1074
NY: Steve Brefere — 914-234-7767
NY: Virginia Lee Kintz — 866-582-6074
NY: Sheila White — 631-893-4040
NY: Jennifer Lenihan — 631-262-7167
NY: Susan Lenihan — 631-262-7167
NY: Jay Charno — 516-935-4029
NY: Gene Cutler — 516-869-6767
NY: Michael Robinson — 516-612-4936
NY: Ronald Brie — 212-799-3900
NY: Dana Dee — 716-983-1316
NY: Ray Donnelly — 516-747-1809
NY: Peter Molnar — 800-588-9406
OH: Thomas Hodges — 513-519-6010
OH: John Cullen — 419-797-9210
OH: Pattianne Baran — 216-409-0859
OH: Brenda Gray — 513-541-3968
OK: Samuel Walker — 405-816-0868
OR: Diane Steeves — 503-297-7677
PA: Kevin Bressler — 610-783-6970
PA: Anthony Camill — 412-445-6171
PA: Cathy Allen — 610-588-0852
SC: Madeline Wade — 317-259-4113
TN: Mark Wardell — 901-337-4146
TX: Bill Holland — 817-283-7221
TX: Kay Nettles — 713-466-4614
TX: Kat Roebuck — 281-431-4033
TX: Kim Beckham — 361-579-9663
VA: Linda Sotirion — 757-646-6820
VA: George Polizos — 757-291-8505
VA: Patricia O’Neill — 703-534-3255
VA: Penny Gilbert — 703-281-0914
VA: Michael Zuchowski — 757-467-1354
VT: Tod Warner — 802-985-4930
WA: Christine Khemis — 888-582-5364
WA: Lucille Smith — 206-877-3456
WI: Lynette Schiefer — 920-434-4559.

About LTC Financial Partners, LLC:

Serving employee groups and associations as well as individuals, LTCFP — http://www.ltcfp.com/ — is one of America’s largest and most experienced long-term care insurance agencies. The company is a co-founder and sponsor of the “3 in 4 Need More” campaign, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.

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