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Long Term Care Insurance

Long Term Care Insurance is also known as LTC or LTCI. This is a type of an insurance plan, offered in the United States, that is growing in popularity with the increasing number of baby boomers moving into old age.

Paid Long-Term Care Insurance Benefits Exceed 3 Billion Annually

The total value of long-term care insurance benefit payments for the 12-month period ending December 31, 2006 was $3.3 billion according to a just-published study. "This is the highest amount of benefit payments to Americans for a one-year period," announced Jesse Slome, executive director of the American Association for Long-Term Care Insurance, the industry's professional organization.

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