The Consumers' Guide To Long Term Care Insurance

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”.

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.