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Article: Americans Don't Understand Long-Term Care Insurance.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prudential Research Shows Most Workers Aren't Prepared for a Long Illness
NEWARK, N.J. -- An aging American workforce is increasingly concerned about long-term care needs and the benefits available through employers, according to a report released by Prudential Financial, Inc. (NYSE: PRU).
But the Prudential study, Long Term Care Insurance, shows only a small number of employees understand the benefits of long-term care insurance, with only about one-quarter of workers planning to use insurance to fund long-term care expenses.
"As Baby Boomers begin thinking about life after age 60, they grasp the implications of longer lives, post-retirement ...