Group Defends Stand-Alone Long-Term Care Insurance With Infographic

(Image: AALTCI)

The American Association for Long-Term Care Insurance is using a new infographic about long-term care insurance (LTCI) claim payments to try to increase consumer confidence in stand-alone LTCI coverage.

Jesse Slome, AALTCI’s director, says in a statement that he prepared the infographic in an effort to counter some consumers’ mistaken belief that LTCI issuers fail to pay claims.

Slome used previously published data, from AALTCI’s own LTCI issuer survey, to show that issuers paid at least $9.2 billion claims in 2017, and that 295,000 people were using LTCI benefits on the survey’s reporting data.

The LTCI claim payment total was up from $8.65 billion in 2016.