One thing that’s starting to be clear about Sandy is that the storm hit coastal areas between Cape May, N.J. and Bayonne, N.J., particularly hard.
Another thing that seems to be emerging from the fog of cell phone silence caused by the effects of widespread power outages on cell phone towers is that Sandy probably caused especially severe problems for the kinds of high-income, high-asset elderly and near elderly consumers who are in the prime target market for private long-term care insurance (LTCI).
Hoboken, N.J. — the city where one of LifeHealthPro.com’s main offices is located — has been flooded, and the 4-feet-high waters around many lovely condos and townhouses has stranded hundreds, perhaps thousands, of LTCI policyholders and obvious LTCI prospects.
The situation seems to be much, much worse in seaside towns like Point Pleasant Beach, N.J., and Brielle, N.J., where near retirees might like to buy beachside vacation homes. Those are kinds of places where affluent professionals and business owners go to retire early.