New Firm Offers Alternatives to Traditional Long Term Care Insurance
CANANDAIGUA, N.Y., March 23, 2015 /PRNewswire/ -- Whether they are too old, too ill, or find traditional long term care insurance problematic for another reason, more than 90 percent of people do not own a policy. "Traditionally, long term care insurance was the only solution that financial advisors and insurance agents could offer people," says Bill Jones, co-founder, President and CEO of The National Alliance of Insurance Agencies, Inc. (The Alliance).
"While traditional long term care insurance certainly has its place, the fact is a large percentage of the population has not been served, and has no plan in place to pay for possible future care," Jones added.
In addition to asset-based long term care policies that combine long term care protection with a life insurance or annuity policy, The Alliance brings a variety of innovative solutions, with a variety of price points and benefits.
"The best solution for a healthy 40-year-old is definitely not the best solution for an 80-year-old with a debilitating illness," says Jones. "In fact, the best solution for some people isn't an insurance plan at all, but a non-insurance solution that helps them fund the kind of care they desire."
Jones believes the time has arrived to meet the growing need of people who, for a variety of reasons, have not yet put a long term care plan in place.
"The Alliance's mission is to bring a full suite of insurance and non-insurance products to consumers through agents and distributors," Jones says. "Agents can now offer multiple solutions to help someone manage their financial risk of long term care. The time is right for every agent to be able to choose from a variety of solutions – no matter someone's age, health, or even budget."
Jones has written a whitepaper "5 Myths About The LTC Industry (and How THE FACTS Help Everyone!)" that is available at The Alliance's home page (www.NAIAinc.com).
About The National Alliance of Insurance Agencies, Inc.:
The Alliance works with agencies and distributors who want to offer clients the full range of today's long term care planning solutions.
More information http://www.naiainc.com/.
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SOURCE National Alliance of Insurance Agencies
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