The Consumers' Guide To Long Term Care Insurance [Paperback]

Stephen F. Rowley (Author)

Book Description

Publication Date: January 26, 2004

Americahas more than 35 million people over the age of 65 today and that number isexpected to double by the year 2030. Medicare and Medicaid are already strainedand few “baby boomers” have confidence that these programs will remain solvent.As a result, more “boomers” and retirees are researching and purchasing privateLong Term Care insurance to provide for them in their final years. In writing this book, Mr. Rowleytaps into his years of insurance industry experience as no one has done before.He guides the reader through the most comprehensive and concise analysis ofLong Term Care insurance ever written. He unlocks the complex mysteries ofinsurance in a manner that is straightforward and easy to understand.  Beginning with histories of aging and eldercare, this book quickly sets the “big picture” explaining the need for LongTerm Care Insurance today. From understanding the need, to choosing a product,what to expect from the underwriting process, and even how a claim might behandled. Anyone considering the purchase of a Long Term Care policy willconsider this book a “must read”.

Editorial Reviews

About the Author

The author is uniquely qualifiedto address the important issues of Long Term Care insurance. As Vice Presidentof Risk Management for a major international reinsurerhe works closely with countless insurers and consulting firms. Hisresponsibilities include oversight of both underwriting and claims managementprocesses. He has supervised the development of comprehensive risk managementguides that have become standards in the Long Term Care industry. The author’sresponsibilities in the reinsurance market provide him with an extremely broadperspective of industry practices. In addition to his underwriting and claimsduties, he is involved in the analysis of insurance policies, contractlanguage, and pricing discussions. With more than fifteen years ofinsurance experience, the author is a well-recognized and respected leader ofthe Long Term Care insurance industry. He is active in numerous industry eventsand conferences. He is a founding member, and past president, of the Long TermCare International Forum. He has worked closely with the Society of Actuarieson Long Term Care education and is a frequent speaker at industry events.Above all, the author is someonewho believes in the value and importance of Long Term Care insurance and hasadvocated responsible stewardship of the public trust. He has had the pleasureof working with the brightest and most creative people in the industry and hasused that experience in this book to demystify Long Term Care insurance.

Product Details

• Paperback: 108 pages
• Publisher: AuthorHouse (January 26, 2004)
• Language: English
• ISBN-10: 1414038674
• ISBN-13: 978-1414038674
• Product Dimensions: 8.9 x 6.1 x 0.3 inches
• Shipping Weight: 6.4 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,203,219 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

23 of 23 people found the following review helpful:

5.0 out of 5 stars Worth Every Penny!!!, April 15, 2004

By 

susan j. - See all my reviews

This review is from: The Consumers' Guide To Long Term Care Insurance (Paperback)

My spouse and I have been trying to determine if we need long term care and, if so, which options were most important. After reading a number of (more expensive) books and articles, we finally found this book.

Although the book didn't offer advice, it did a great job of laying out the pros and cons of the various options available. The worksheet in the back helped us to better discuss the issues with our insurance agent and the chapter on underwriting prepared us for what to expect and why.

All in all - a very good book that was simple to read and understand!

12 of 13 people found the following review helpful:

5.0 out of 5 stars Very hulpful!!!, March 10, 2004

By 

Larry C. - See all my reviews

This review is from: The Consumers' Guide To Long Term Care Insurance (Paperback)

My wife and I have been researching long term care insurance for several months. This book was the first to fully explain the things that we needed to know...and it was an easy read with little use of insurance jargon.

17 of 21 people found the following review helpful:

5.0 out of 5 stars Note: From the Author, February 12, 2004

By 

S. Rowley - See all my reviews
(REAL NAME)   

This review is from: The Consumers' Guide To Long Term Care Insurance (Paperback)

Purchasing a Long Term Care policy is an expensive, usually lifelong, decision. Once they purchase coverage, very few individuals allow it to lapse or replace it with a newer policy. The consumer's relationship with the insurer may span 20, 30, or even 40 years. Some of these years will be as a healthy premium payer, while others may be as a beneficiary.

For this reason, the consumer should take the time to fully understand the product that he or she purchases. It is equally important to determine the strength and stability of the insurance company providing the coverage.

This book is a guide to help you, the consumer, better understand Long Term Care insurance. The goal is to translate industry jargon and legalistic policy language into laymen's terms to help the purchasing public better understand the types of policies and features available in Long Term Care policies so that consumers can assess the value and limitations of Long Term Care insurance.