Archive for the ‘MIDDLE – Press’ Category

Critical Illness Insurance Association Partners With Emerge To Connect Consumers

Tuesday, August 1st, 2017

Los Angeles, CA – July 19, 2017 – To help consumers obtain information and critical illness insurance costs the American Association for Critical Illness Insurance has partnered with Emerge, a digital insurance broker.

“Critical illness insurance sales are growing faster than nearly any other insurance product,” states Jesse Slome, director of the American Association for Critical Illness Insurance.  “Individuals increasingly understand that they are more likely to survive a critical illness than they are to die from it.”

The organization was established originally at the request of several leading critical illness insurance companies and now operates independently providing an online resource for consumers seeking information and access to sources of insurance coverage.   Slome says his goal is to see increased traffic to the organization’s website where information and connections to industry leaders is available.

“We are pleased to announce a continued relationship with Emerge,” Slome announced.  Headquartered in West Hartford, CT, Emerge is a digital insurance broker.  “We are pleased to work with the Association and are committed to providing unbiased advice and quotes to consumers,” stated Wes Thompson, Founder and CEO or Emerge.

The American Association for Critical Illness Insurance provides consumers with relevant information on the issue of critical illness costs and options for insurance protection.  Established by Jesse Slome who serves as director.  Slome is founder and director of the American Association for Long-Term Care Insurance and the American Association for Medicare Supplement Insurance.

To visit the Association’s website or to learn more about critical illness insurance costs and options go to www.criticalillnessinsuranceinfo.org.

Emerge helps consumers calculate out-of-pocket costs for an emergency, offers recommendations for a policy that will fit a consumer’s budget, provide a comparison of quotes and policy details and helps consumers buy a critical illness or accident policy online.

New Travel Discount Website Launched For Overseas Adventurew Travel Discounts

Wednesday, October 19th, 2016

Plans for new websites promoting discounts for travel companies has been launched.  “I don’t think there is a better way to relax and learn about the world we all inhabit than to travel to foreign countries,” explains Jesse Slome, who is director of several insurance trade organizations.

Slome notes that he now makes it a point to take two foreign trips a year.  “There is so much to experience and learn,” Slome who heads the American Association for Long-Term Care Insurance points out.  “We all tend to believe we have the answer for everything and the right way to deal with every matter but one can learn so much from others and then there’s the food.”

The inveterate world explorer travels both independently as well as with tour groups.  “When you are visiting a foreign country, it’s so much easier to go with someone who knows their way around,” Slome points out.  “I have found that contrary to what people perceive, you’ll actually see more and that’s important especially when you have a short period of time for your visit.”

For the past decade, Slome has traveled with multiple tour companies including Trafalgar, Globus, Brendan but he notes that two companies continually exceed his expectations.  “I especially like Overseas Adventure Travel, a Boston-based company that specializes in more active tours for smaller groups,” Slome notes.  The company limits tour sizes to 16 persons.

The first of a planned series of travel websites promotes Overseas Adventure Travel discounts, especially a referral savings available for first time travelers.  “I have already taken seven tours with the company and have two more already planned,” Slome shares.  “My goal is to share my experiences with family, friends, my business associates and others who enjoy my same passion for traveling.”

Residing in Los Angeles, the award-winning writer and former travel food editor, Slome will write and maintain the travel websites.   In addition to serving as director of the American Association for Long-Term Care Insurance, he heads national organizations for the Medicare Supplement insurance and the short-term care insurance industries.

 

Grand Circle Travel Discount Offer Extended by Critical Illness Insurance Association

Sunday, March 1st, 2015

A special discount off a first trip with two tour companies, Grand Circle Travel and Overseas Adventure Travel is being offered by the American Association for Critical Illness Insurance, a national trade organization.

“The special savings will reduce the cost for any first time traveler by $100-per-person,” explains Jesse Slome, AACII director.  “The savings is available to any body whether they are in the insurance industry or not,” Slome adds.

The Association and it’s sister trade organization, the American Association for Long-Term Care Insurance, strive to provide relevant information to consumers as well as support insurance professionals who market products to individuals.  “The special discount is of course available to an insurance professional but we get calls from time to time and gladly extend the offer to others,” Slome adds.

The $100 discount reduces the cost for a first time traveler by $100 and applies on top of any other existing discounts or savings.  “To request the discount, one merely needs to ask and share that they were referred by Jesse Slome, Discount Referral Number 932019,” Slome notes.

Grand Circle Travel offers small ship and river cruises as well as land tours.  The company is based in Boston, MA.    For many years, Grand Circle Travel was based in New York City where it served members of AARP until 1982 (Grand Circle Travel now serves all mature Americans). In 1985, Alan Lewis purchased Grand Circle Travel and moved its offices to Boston.

Cheap E&O Insurance Now Available With Free Membership

Tuesday, July 17th, 2012

A new program provides low-cost E&O insurance to life and health insurance agents nationwide.  According to the program sponsor the American Association for Critical Illness Insurance agents can also save because the organization continues to waive membership fees for 2012.

“The E&O program is available in all states and offers extremely competitive premiums for agents who can successfully answer eight simple online questions,” explains Jesse Slome, executive director of the trade organization.  The association’s sponsored E&O product provides a $1 million limit of liability for each claim with a $1,000 deductible per-claim.

Coverage under the program is also available for new agents with options for agencies and their staff.  “We are committed to helping to build critical illness insurance sales in the United States,” Slome declares, “as a result, we are continuing to offer free membership to insurance agents and brokers who wish to learn more about marketing and selling critical illness insurance protection.”

Open enrollment for the group policy has started with premiums for the full year of coverage starting at $515.   “An agent can sign up at any point for coverage and will pay the pro-rated premium which can be as low as $103,” Slome explains.  The program offers instant online approval and certificates are immediately available.  “The program even accepts credit card payments, ideal for those who like to accumulate points,” Slome adds.

For additional information call the Association at (818) 597-3205 or visit their website http://www.criticalillnessinsuranceinfo.org/eo to access free online consumer information guides.

Critical Illness Insurance Claims Often Begin Prior To Age 55

Thursday, May 3rd, 2012

Just under half (47%) of new critical illness insurance claims in 2011 began prior to age 55 according to the 2012 Buyer & Claimant Study conducted by the American Association for Critical Illness Insurance (AACII) and General Re Life Corporation.  This marks a significant increase in claims by younger policyholders compared to the prior year’s analysis.

The percentage of claims that occurred before age 45 grew compared to 2010.  Some 13 percent of male policyholders and 12 percent of female policyholders who received benefits were younger than 45 according to the data from 10 leading critical illness insurers.  “The increase in younger claimants is likely due to an increase in younger buyers of this relatively new form of insurance coverage,” explains Jesse Slome, executive director of the recently formed critical illness insurance trade group.  “With higher health insurance deductibles and more restrictive plans, critical illness insurance is starting to gain traction among buyers in their 30s and 40s.”
The study found a pronounced year-to-year increase in the number of claims paid to policyholders between ages 35 and 44.  Some 8 percent of new claims by men and 10 percent women occurred at these ages in 2011, versus four percent reported by the prior year’s study.   The greatest decline in claims occurred after age 55.

The study revealed that cancer remains the leading cause for new individual claims accounting for 61 percent of new claims.  Heart attacks accounted for 11 percent and stroke for 18 percent of new claims.

Researchers analyzed data for over 57,000 purchasers of individual critical illness insurance policies as well as claims reported by leading insurers for the time period January 1 to December 31, 2011. The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals.  Free access to the organization’s online learning, marketing and sales center is offered to insurance and financial professionals.  For further information, visit the Website:  www.aacii.org/ or call (818) 597-3205.

Critical Illness Insurance Sales Tend To Be Small

Tuesday, April 3rd, 2012

More than half (53%) of men and 54 percent of women purchased individual critical illness insurance policies providing benefits of $20,000 or less, according to the 2012 Critical Illness Insurance Buyer Study conducted by the American Association for Critical Illness Insurance (AACII) and General Re Life Corporation.

For the second consecutive year, researchers analyzed data from 10 leading critical illness insurers, which accounted for over 57,200 purchasers of individual critical illness insurance policies made between January 1 and December 31, 2011.  “People increasingly understand they have some financial risk as a result of higher health insurance deductibles or lost income resulting from a dread disease and are selecting nominal amounts of CI coverage because they believe it is both sufficient and affordable protection,” explains Jesse Slome, AACII executive director.

According to the 2012 National Critical Illness Insurance Buyer Study some 29 percent of male buyers and 31 percent of female buyers purchased benefit levels of $10,000 or less.   Fewer than one in 10 male buyers (9%) and only eight percent of female buyers purchased over $50,000 in protection.

According to the Association’s online Critical Illness Insurance Price Calculator, a 40-year-old male non-smoker will pay about $20 monthly for $20,000 of CI protection.  Females pay less, Slome notes.

Critical illness insurance pays a tax-free, lump-sum cash benefit generally upon diagnosis of a covered critical illness such as cancer, heart attack or stroke.  Sold in 54 countries worldwide, the first policies became available in the United States around 1996 and today over one million individuals have such protection in the U.S.

The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals.   For further information, visit the Association’s Website:  www.aacii.org/ or call (818) 597-3205.

For long term care insurance information and costs visit our sister organization, the American Association for Long Term Care Insurance.

Critical Illness Insurance Buyers Younger Than 45

Monday, March 5th, 2012

Roughly half (49%) of men and 46 percent of women who purchased individual critical illness insurance policies in 2011 were younger than age 45, according to the 2012 Critical Illness Insurance Buyer Study conducted by the American Association for Critical Illness Insurance (AACII) and General Re Life Corporation.

Researchers analyzed data from 10 leading critical illness insurers, which accounted for over 57,200 purchasers of individual critical illness insurance policies made between January 1 and December 31, 2011.  “While the majority of critical illness insurance sales continue to be made in the worksite setting, sales to individuals are increasing as awareness grows,” explains Jesse Slome, AACII executive director.

According to the 2012 National Critical Illness Insurance Buyer Study some18 percent of male buyers and 17 percent of female buyers were between the ages of 25 and 34.   Fewer than one in 10 buyers were age 25 or less and just over one in five buyers were age 55 or older.   This year’s study found that buying ages for men and women were more closely aligned compared to last year notes Stephen Rowley, Vice President for Gen Re.

Critical illness insurance pays a tax-free, lump-sum cash benefit generally upon diagnosis of a covered critical illness such as cancer, heart attack or stroke.  Sold in 54 countries worldwide, the first policies became available in the United States around 1996 and today over one million individuals have such protection in the U.S.

The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals.   For further information, visit the Association’s Website or call (818) 597-3205.

Critical Illness Insurance Claims Study

Sunday, March 20th, 2011

One third (34%) of new critical illness insurance claims by male policyholders in 2010 began prior to age 55 according to the 2011 Buyer & Claimant Study conducted by the American Association for Critical Illness Insurance (AACII) and Gen Re.  The remainder of claims started at ages 55 or older.

New claims by women began at older ages the study found.  Nearly three-fourths (71%) of new claims by female policyholders were opened after reaching age 55.  Some four percent of claims for both men and women started between the ages of 35 and 44.

“With a record one million Americans now owning critical illness insurance protection, we sought to look more closely at when claims begin as well as the causes for new claims,” explains Jesse Slome, executive director of the industry trade organization.  The study revealed that cancer was the leading cause for new individual claims accounting for 61 percent of new benefit payouts.  Heart attacks accounted for 14 percent and stroke for 5 percent of new claims.

Critical illness insurance which pays a lump-sum cash benefit is marketed in 54 countries worldwide and is gaining wider acceptance in the United States notes Barry Eagle, Vice President, Marketing for Gen Re LifeHealth a Berkshire Hathaway Company.  

Researchers analyzed data for over 20,500 purchasers of individual critical illness insurance policies made between January 1 and December 31, 2010. The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals.  Free access to the organization’s online learning, marketing and sales center is offered to insurance and financial professionals.  For further information, visit the Website:  www.aacii.org/ or call (818) 597-3205.

Critical Illness Insurance Buyer Study – Part 2

Tuesday, February 22nd, 2011

More than half (53%) of women purchasing individual critical illness insurance policies last year opted for coverage equal to $20,000 or less.  Among men, some 49 percent purchased that amount according to the 2011 Critical Illness Insurance Buyer Study conducted by the American Association for Critical Illness Insurance (AACII) and Gen Re.

“The market for individual critical illness insurance sales is definitely consumers looking to secure a reasonably affordable amount of protection,” states Jesse Slome, executive director of the industry trade organization.  “Individuals recognize the value of buying enough protection to pay for one or two years worth of mortgage or rent payments or to pay costs not covered by their health insurance.”

According to the survey, 22 percent of male buyers and an equal percentage of female buyers purchased between $20,001 and $30,000 of protection.  The survey found that 13 percent of men and 11 percent of women purchased coverage equal to $50,001 or more.  

Critical illness insurance pays a lump-sum cash benefit generally upon diagnosis of a covered critical illness such as cancer, heart attack or stroke notes Barry Eagle, Vice President, Marketing for Gen Re LifeHealth a Berkshire Hathaway Company.   The current version of critical illness insurance policies became available in the United States in the mid 1990s and today over one million individuals have such protection.

Researchers analyzed data for over 20,500 purchasers of individual critical illness insurance policies made between January 1 and December 31, 2010. The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals. 

Free access to the organization’s online learning, marketing and sales center is offered to insurance and financial professionals.  For further information, visit the Website:  www.aacii.org/ or call (818) 597-3205.

Free Membership Campaign Launched

Monday, January 10th, 2011

There’s really no explanation why critical illness insurance sales continue to lag in the U.S., declares Jesse Slome, executive director of the American Association for Critical Illness Insurance (AACII).  According to Slome, the protection first introduced in 1983 now sells well in 54 other countries worldwide.

“There are over 65 million Americans between the ages of 30 and 49, creating an enormous opportunity for the sale of critical illness insurance products,” states Slome.  “These adults understand the risk of being diagnosed with cancer or having a heart attack.  They simply have no knowledge that an affordable financial solution like critical illness insurance exists but we are going to change that starting in 2011.”

The industry trade association established in 2009 just announced a free membership campaign for insurance and financial professionals.  The free membership includes access to the Association’s online Learning, Marketing and Sales Center, providing access to sales training modules, industry research, marketing and sales tools.

“We plan to educate 10,000 insurance professionals during the year and to significantly jumpstart product awareness and ultimately sales,” Slome adds.  “Every agent or broker who has clients in their 30s or 40s will benefit by understanding how simple it is to offer and sell this highly affordable form of protection.” 

The free membership offer will be continued for at least the first six months of 2011.  For more information or to sign-up for free membership, visit the Association’s website http://www.criticalillnessinsuranceinfo.org/sales-center/.

Study Reveals Risk Of Having A Critical Illness Before Age 65

Wednesday, January 6th, 2010

 A 25-year-old male non-smoker has a 24 percent chance of having a critical illness (cancer, heart attack or stroke) prior to turning age 65.   The same-aged male who smokes has a 49 percent chance according to the first National Critical Illness Risk Assessment Study published by the American Association for Critical Illness Insurance.

“Cancer, heart attacks and strokes happen at all ages and most people are not prepared for either the emotional or financial cost,” explains Jesse Slome, executive director of the industry trade organization.  “Nearly two-thirds of U.S. bankruptcies are the result of medical expenses and 78 percent of those filing for bankruptcy had health insurance when they were first diagnosed.”

The national critical illness risk assessment prepared by Milliman, Inc., a leading actuarial firm, reveals the likelihood of incurring a critical illness for men and women at different ages up to age 55.  According to the study’s findings, women face less risk than men at all ages.  Non-smoking women are at significantly less risk than their male smoking counterparts.  While nearly half (49 percent) of 35-year-old male tobacco users will incur a critical illness before age 65, only 35 percent of female smokers will according to the report. 

REPORTERS:  If you would like the complete finding of the study with breakdown by ages, please call the Association at (818) 597-3205 or E-mail Jesse Slome at mailto:jslome @ aaltci.org

The study reveals that 17 percent of non-smoking men and 36 percent of male smokers who reach the age of 55 without having a critical illness will be diagnosed with one prior to turning age 65.  For women who reach age 55, some 12 percent of non-smokers and 23 percent of smokers will face a critical illness before reaching age 65.

INSURANCE PROFESSIONALS:  The complete findings are available to Association members.  Click here for membership information.

“Surviving a critical illness is likely today as a result of advances in emergency treatment and medical care,” states Slome.  “Survival comes with a high cost even for those with health insurance which often is accompanied by co-pays, high deductibles and exclusions for various new treatments.”   Michelle Dyke, actuary with Milliman, adds, “there are substantial non-medical expenses associated with battling a critical illness including travel expenses to see specialists and lost wages that health insurance does not cover.”

Critical illness insurance pays a tax-free, lump-sum cash benefit generally upon diagnosis of a covered critical illness.  The first policies became available in the United States in 1996 and today some 600,000 individuals have such protection.

The American Association for Critical Illness Insurance is the national trade association providing information to consumers and insurance professionals.  The organization is headquartered in Los Angeles, CA.

First Study Of Critical Illness Insurance Buyers

Tuesday, December 1st, 2009

December 1, 2009 — Nearly half of individuals purchasing critical illness insurance protection were under age 45 according to the first national study of buyers conducted by the American Association for Critical Illness Insurance, the industry trade group.  One third (34%) of purchasers were between ages 45 and 54 and the majority (87%) purchased $50,000 or less in benefits.

Research conducted by the American Association for Critical Illness Insurance (AACII) examined sales data for over 130,000 individual and voluntary worksite policies and certificates issued.  “Critical illness insurance is growing in acceptance as consumers understand the risk and financial exposure that is the result of cancer, heart attack or stroke,” explains Jesse Slome, the organization’s executive director.   Introduced in the United States in 1996, some 600,000 individuals have purchased critical illness coverage.

Nearly a quarter (24%) of individual buyers opted for coverage of less than $20,000 according to the study’s findings.  For those purchasing in the worksite setting, some 65 percent chose benefits of $20,000 or less.

The vast majority of purchasers do so prior to turning age 55.  Among those purchasing individual critical illness insurance policies, 20 percent were under age 35; 27 percent were between ages 35 and 44 and 34 percent were between 45 and 54.  Buyers purchasing coverage in the workplace were about the same age according to the Association report.

Individual buyers tended to be male (52% versus 48% female) while those purchasing in the workplace were more likely to be female (59% versus 41% male).

“We anticipate the market for critical illness insurance products will increase in the years ahead,” predicts Slome.  The Association will undertake an aggressive consumer awareness campaign in 2010 to build an understanding of the benefits of the protection that is popular outside of the United States.

The American Association for Critical Illness Insurance is the national organization serving insurance and financial professionals who provide critical illness insurance solutions.                                                                                                                                 

Findings:  2009 Critical Illness Insurance Buyer Study
conducted by the American Association for Critical Illness Insurance

Sales By Issue Age (Individual Critical Illness Insurance)
Under 35            20.0 %
35 – 44            27.0 %
45 – 54            34.0 %
55 – 64            15.5 %
65 or older              3.5 %

Sales By Issue Age (Worksite / Voluntary Critical Illness Insurance)
Under 35            22.0 %
35 – 44            28.0 %
45 – 54            32.0 %
55 – 64            17.5 %
65 or older              0.5 %

Benefit Purchased (Individual Critical Illness Insurance)
Under $20,000            24.0 %
$20,001 – $50,000       63.0 %
$50,001 – $100,000      6.0 %
$100,001-$250,000      4.0 %
$250,001 +                      3.0 %

Benefit Purchased (Worksite / Voluntary Critical Illness Insurance)
Under $20,000            65.0 %
$20,001 – $50,000            28.0 %
$50,001 – $100,000              6.5 %
$100,001-$250,000              0.5 %
$250,001 +              0.0 %

Sales By Policyholder Sex  (Individual Critical Illness Insurance)
Male                        52 %
Female                        48 %

Sales By Policyholder Sex  (Worksite / Voluntary Critical Illness Insurance)
Male                        41 %
Female                        59 %

CI Sales Boot Camps Set For Texas, California

Saturday, October 10th, 2009

The nation’s first industry-supported sales boot camps will be held to educate insurance and financial professionals about critical illness insurance protection.   The focus will be on successfully selling insurance protection to individuals as well as in the worksite.

The American Association for Critical Illness Insurance (AACII) is organizing the half-day sales conferences that will be held in California (Anaheim) and Texas (Dallas and Houston).

“Few agents are aware of critical illness insurance,” explains Jesse Slome, AACII’s executive director.  “The market is set to explode because everyone knows someone who has had a critical illness but they are not aware of CI protection.”  Critical illness insurance has gained widespread sales abroad in Canada, Britain and other countries.  The initial policies were first introduced in the U.S. in the mid 1990s.

The Southern California Critical Illness Sales Boot Camp will be help May 18, 2010 in Anaheim.  Information will be posted on the Association’s website.  For further information on exhibiting, contact the Association at (818) 597-3205 or via E-mail to: mailto:jslome@aacii.org. 

Free Membership And Access To Sales & Marketing Tools

Wednesday, September 16th, 2009

Insurance agents, financial planners and investment advisors interested in learning more about selling critical illness insurance can access the online Learning, Marketing & Sales Center of the American Association for Critical Illness Insurance.

For a limited time, the professional trade organization is offering free membership.  membership includes access to the online center where one can listen to and download audios, access E-cards that can be sent to generate leads as well as marketing and sales material.

“The new Association was established to jump start sales and awareness for this important protection,” explains Jesse Slome, executive director of the organization.  “For that reason, we are providing access completely free-of-charge as an introductory special offer.”

Access requires producers sign-up and establish a User Name and Password.  “We will use this information to communicate with members and see what improvements we can make,” Slome adds.

To sign up for immediate access, Click Here Now.

Critical Illness Insurance Association Website Launched

Friday, August 14th, 2009

A comprehensive website containing free sales and training audios, downloadable marketing tools and customized E-cards has been launched by the American Association for Critical Illness Insurance, the industry’s professional trade organization.

“The new website is designed to help educate insurance producers who have never sold critical illness products and provide them with the necessary tools to start prospecting,” says Jesse Slome, the association’s executive director.  “It is our plan to make this the single most comprehensive repository of information and marketing tools for the industry.”

Access to all marketing and sales tools is currently available free of charge as the association is presently waiving membership fees.  For more information, visit the organization’s website: http://www.aacii.org.

New Critical Illness Insurance Trade Association Launched

Wednesday, August 5th, 2009

A new professional critical illness insurance trade organization has been established to increase the number of insurance and financial professionals successfully marketing critical illness insurance protection.
The new organization, named the American Association for Critical Illness Insurance (AACII), has been founded by Jesse Slome, who also founded and serves as executive director of the American Association for Long-Term Care Insurance.
“There is an enormous opportunity in the United States for sale of quality critical illness products,” states Slome, who will direct the new association.  “Our initial focus will be on creating heightened awareness among professionals and support their efforts to successfully market and sell this important protection.”  The new producer-focused association will work closely with the National Association for Critical Illness Insurance (NACII), which promotes industry policy, industry education and industry position.
“We look forward to supporting the efforts of the new organization, recognizing the enormous contribution to long-term care insurance marketplace Slome’s organization has provided,” expressed Ken Smith, NACII President and Director of Health Insurance for Assurity Life Insurance Company.
The American Association for Critical Illness Insurance will be headquartered in Los Angeles.  For further information, visit their Website: http://www.criticalillnessinsuranceinfo.org/ or call (818) 597-3205.