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Enormous Market Potential :   
It's estimated that there are about 47 million retired Americans controlling approximately $10.7 trillion in retirement account assets. Seventy-six million baby boomers are moving into retirement at the rate of 4-6% per year. With the generational transfer of wealth, it is estimated that this group will control more than $40 trillion in assets over the course of their retirement years1
The market is large - and getting larger

There are 76 million baby boomers who are about to move into their 50s and 60s, the sweet spot for LTC buyers - and purchases. The percentage of the population over age 65 will grow from 4% today to over 9% in the next 6 years. It becomes hard to ignore this product.2

The costs are high

For America's 76 million baby boomers, paying future long term care costs remains their largest looming expense.3 The national average cost of a year in a private nursing home room is over $70,000, and home care costs can be high as well.

In addition, in certain states, the average cost for one year in a private nursing home room can exceed $100,000.

 

 

  1 Today's Retirees, An Affluent Market that Resonates in the Industry; National Underwriter 04/26/2004.
  2 "LTC Marketers Have Suffered Growing Pains, But the Phones Are
 Ringing Again." National Underwriter Life & Health - Financial
 Services Edition. 08/02/04
  3 Investing in Retirement - Long Term Care - Shelter from the Storm
: Why more people in their 40s are buying nursing home insurance."
 Barron's 03/22/04
  4 2006 Genworth Financial Cost of Care Survey, conducted by
 CareScout, an independent research firm, March 2006
 
     
 

This site is intended for individuals interested in a career opportunity as a long term care insurance representative. This site is not intended for consumers.

 
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