- Irving Safrin, CLTC, C.A.P., Safrin Associates, Pomona, N.Y.
- Terrence Sloane, CLU, Sloane Agency, Harrison, N.Y.
What key changes have you seen in the LTC marketplace over the last year?
Safrin: "We keep our clients and potential clients aware that good LTC coverage is getting harder to obtain. Radical changes in the past 12 months have included the elimination of lifetime/unlimited options and the withdrawal of important carriers from the LTC marketplace."
Sloane: "The change is simple: clients understand the need and importance in their financial/retirement plan for Long Term Care Coverage. With investment returns at record lows, a long-term care claim will create havoc to a retirement plan – possibly even bankruptcy."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.