Long Term Care Insurance: A Growing Concern for American Families

Strategic Insights -

Long term care insurance may not seem like a pressing issue, but Denise Gott, Chairman of the Board of LTC Financial Partners LLC, is on a mission to bring awareness to the growing concern. With 3 in 4 Americans projected to need long term care after the age of 65, Gott's message is clear: Americans are not prepared for this critical life event. Her video, now playing in major airports and on YouTube, warns that even with public health reform, private long term care insurance will be necessary to cover all needs. Gott emphasizes that lack of LTC protection is the single biggest financial risk Americans face, particularly women who are often the default caregivers.

Key Takeaways:

  • Denise Gott, Chairman of LTC Financial Partners LLC, is advocating for awareness about long term care insurance, citing that 3 in 4 Americans will need long term care after age 65.
  • Gott's video is broadcast in major airports and on YouTube, highlighting the need for private long term care insurance to cover all needs.
  • Gott emphasizes that women are especially vulnerable due to their role as default caregivers without insurance.
  • The lack of LTC protection is considered the single biggest financial risk Americans face.
  • Gott warns that even with public health reform, private long term care insurance will still be necessary.
  • Information on long term care insurance carriers and costs is available at www.ltchotline.com, maintained by Gott's organization.

Statistics:

  • 3 in 4 Americans are projected to need long term care after age 65.
  • The lack of LTC protection is considered the single biggest financial risk Americans face.
  • Women are especially vulnerable due to their role as default caregivers without insurance.

Sources:

  • www.ltcfp.com (http://www.ltcfp.com)
  • www.youtube.com/watch?v=xpGQRjCs3AA (http://www.youtube.com/watch?v=xpGQRjCs3AA)
  • www.ltcfp.us/SkyRadio-Gott2.mp3 (http://www.ltcfp.us/SkyRadio-Gott2.mp3)
  • www.ltchotline.com (http://www.ltchotline.com)