OVERLAND PARK, Kan., July 7, 2014 /PRNewswire/ -- In 1994, seven long term care insurance experts joined forces and started a new company. Their goal: to help more families protect themselves against the financial and emotional costs of an uninsured long term care need. Today, the National LTC Network (The Network) is comprised of over two dozen firms — with insurance producers in every state and the District of Columbia — and benefits from strong working relationships with Genworth Financial, MedAmerica, Mutual of Omaha and Transamerica.
"Twenty years is a milestone all our members take great pride in," said Terry Truesdell, President and CEO.
"Ninety percent of American adults have not planned for the high likelihood of needing long term care by purchasing long term care insurance," said Carol Gardner, Chairman of the Board of The Network and President of LifeStyle Insurance in San Juan Capistrano, California. "My colleagues and I have dedicated our professional lives to helping families put in place plans that allow them to privately pay for extended care with insurance company dollars. Long term care insurance preserves family assets and incomes, and allows family members – especially busy adult children with jobs and lives of their own – the luxury of caring without having to be full-time caregivers."
"In just 12 years, when the first Baby Boomers enter their 80s, experts are predicting an unprecedented demand on the long term care system," commented Pete Gelbwaks, one of The Network's founding members and its Chairman Emeritus, and currently Chairman of Gelbwaks Executive Marketing in Plantation, Florida. "Today, seventy percent of people mistakenly believe that the Affordable Care Act will cover their long term care. There's not a moment to waste in helping people prepare for the high probability that they will need long term care at some time in their lifetime."
About the Network:
Founded in 1994 as a national alliance of leading long term care insurance experts and distributors, the Network includes some of the largest and most respected long term care insurance distributors in the U.S., offering coverage from the nation's finest long term care insurance companies. Network members are dedicated to promoting and distributing long term care insurance with ethics, excellence and integrity. Consumer inquiries are welcomed. More information: http://www.NLTCN.com/.
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