Printer Friendly
The Free Library
22,741,889 articles and books

IMSA produces consumer brochure to offer long-term-care information. (Insurance Marketplace Standards Association).



The Insurance Marketplace Standards Association has created a 12-page consumer brochure on who should consider long-term-care insurance and what their options are. It is free online from the ethics watchdog group at www.IMSAethics.org, and insurance agents for IMSA IMSA Illinois Mathematics and Science Academy
IMSA International Motor Sports Association
IMSA Insurance Marketplace Standards Association
IMSA International Municipal Signal Association
IMSA Illinois Mini Storage Association
IMSA Institute of Marine Safety Auditors
 member companies will also offer them.

IMSA reports that about 13 million people in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  need daily assistance with personal maintenance, hygiene, eating and basic household tasks, but only 6 million own long-term-care insurance. IMSA Executive Director Brian Atchinson said about 44% of Americans age 65 and older will enter a nursing home at least once, and more than half will stay at least a year, based on statistics of the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is an Internal Revenue Code Section 501(c)(3) non-profit organization which seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners from around the United States. . Average annual costs were $56,000 in 2001, but were up to twice that much in some parts of the country. The brochure describes what to look for in selecting an LTC LTC
abbr.
lieutenant colonel
 insurance policy.

Key factors in choosing an LTC insurance company are its business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social  and its financial viability, Atchinson said.
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Marketplace
Comment:IMSA produces consumer brochure to offer long-term-care information. (Insurance Marketplace Standards Association).(Marketplace)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2004
Words:170
Previous Article:New living benefits drive variable annuity sales.
Next Article:Making the foreign familiar: insurers can reap great benefits by successfully cross-selling life products through property/casualty agents and...
Topics:



Related Articles
SOP for insurance auditors.
Making the Grade.
Higher Profile.
Membership squeeze: the Insurance Marketplace Standards Association still has the strong support of major life insurers, but its second round of...
Survey: most Americans don't use web to research, buy life insurance.
Making a match: insurers and consumers need consistent market-conduct standards among all 50 states.
CBO: private LTC insurance being 'crowded out' by Medicaid.
A primer on LTC insurance.
The right fit: in the past year, life insurers, their associations and regulators have worked hard to protect buyers of annuities from inappropriate...

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters