UCT selects LTC Financial Partners to provide long term care education and insurance
COLUMBUS, Ohio, October 2011 - UCT has selected LTC Financial Partners LLC (LTCFP), one of the country's leading long term care insurance agencies, to offer long term care education and insurance to our members and their families.
"We understand the importance of this coverage," said Joe Hoffman, UCT's CEO. "We want our members to feel the security of knowing their retirement is protected. After extensive research, we found long term care insurance as the key component to protect just that."
As America's population ages and 77 million baby boomers approach retirement, the need for long term care is becoming an increasingly critical issue. According to a recent poll conducted by Prudential Financial, Inc., 74% of consumers between the ages 55-65 are already looking into some type of long term care - that's about 3 in every 4 Americans 55-65 years old.
Millions have already exhausted their retirement funds in a very short amount of time in an effort to pay for long term care. Although Medicare provides valuable benefits, it doesn't absorb all costs. Long term care insurance helps bridge the gap by covering the costs for nursing homes, assisted living centers and in-home care.
"Unfortunately, many people decide whether or not to buy coverage based on their willingness to pay the premiums, not the need," said Cameron Truesdell, CEO of LTC Financial Partners. "The decision should be based on the longer view of protecting retirement assets. With our living longer comes the greater risk of needing care and the cost for that care can wipe out the best-laid retirement plan."
UCT members and their families can obtain discounted long term care insurance that enables the flexibility of choosing benefits that tailor to their needs so they don't pay for unnecessary coverage.
John Marshall, UCT's vice president of sales commented, "We are excited about working with an industry leader like LTCFP. We believe they are a perfect complement to our goal of keeping our members financially secure - now and in the future."
LTCFP is a licensed insurance agency that specializes in Long Term Care Insurance. Their mission is to provide consumers with excellent service, helpful advice and useful resources. LTCFP is a co-founder and sponsor of the "3 in 4 Need More" campaign, www.3in4needmore.com, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.
To learn more about the UCT endorsed long term care program, contact LTCFP toll-free at (866) 471-4072, ext. 2700.
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Member Rick Gruszecki helps Sara Dougherty and Justin Spiller box up the 25,000 toiletries collected for Jacksonville, Florida's Sulzbacher Center. The toiletries were donated by members attending UCT's convention in Jacksonville and will benefit Northeast Florida's homeless.
