April 3, 2014 -  The story of a physician who erroneously was told he would not qualify for  long term care insurance has been added to the American Association for Long Term Care Insurance website.

"This week's addition to the highly popular consumer advise page addresses how a lack of understanding could have significantly impacted an individual," explains Jesse Slome, executive director of the American Association for Long Term Care Insurance, a national trade group.   The organization has been adding one new example each week sharing examples of real people who achieved significant savings and found ways to get better benefits.  "The new page has generated enormous positive feedback and has become one of the most highly read sections on our website," Slome adds.

"In this situation, the individual, a medical doctor, had suffered a heart attack several years earlier and obviously had some cardiac conditions," Slome notes.  "Unfortunately, an inexperienced insurance agent conveyed his health would make him uninsurable and recommended an alternative coverage offered by a substandard life insurer."

The physician sought a second opinion.   "He connected with a long term care insurance specialist who offered to contact the underwriters and two leading insurers to ask if they would quickly review the situation in order to validate whether he was or was not a viable prospect for this protection," Slome shares.   "A benefit of specializing in this business is not just knowing more about the products but knowing who to contact when difficult questions arise."

In this case, both insurers confirmed they would offer insurance protection to the individual who subsequently has applied.

"When considering long term care insurance, one of the most important decisions you'll make is deciding who to work with," Slome advises.  The Association director suggests three questions to evaluate an insurance professional's expertise in the long-term care insurance field.  "Ask how many people they have helped get this insurance, how many years they have focused on LTC insurance and how many insurance companies they are appointed with," he advises.  "If an insurance broker is appointed with multiple companies, he or she will do the comparison shopping for you."

To learn more about long term care insurance savings ideas go to www.aaltci.org/ideas.  For no obligation cost comparisons or second opinions for long term care insurance costs from a designated specialist call the organization at 818-597-3227 or visit their website.