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Employer Programs


"7 out of 10 people over 65 years old will need Long Term Care assistance. Over 20% of those will need help for more than 5 years." - 2008 Sourcebook for Long-Term Care insurance information American Association for Long Term care Insurance.


Today, long term care insurance is one of the fastest growing new benefits offered by employers. The average caregiver costs an employer $2,110 per year in lost productivity. For those caregivers providing the most intense level of care, the cost per employee is $2,441, totaling $17.1 billion. The total annual cost for all caregivers is $33.6 billion*. By offering this coverage through the workplace, you are helping to provide a solution to this problem.

Benefits to Employer:

  • The insurance can be offered on a voluntary basis at little or no cost to the employer.
  • The employer does not need to get involved with the billing or administration of the
     insurance.
  • Company paid premiums can be tax deductible.
  • Long term care insurance coverage is a meaningful benefit that rounds out the overall benefits package and helps attract, retain and reward valuable associates.
  • Increases productivity of employees who would otherwise have to assume the role of long term care provider or coordinator.


Lenox Advisors has experience managing the implementation process for companies ranging from small proprietorships to large corporations. Each company is unique and we can help you decide the best policies that make sense for you and your employees. Below is the link to the corporate website of a company in which Lenox sponsored the long term care insurance program.


-- Jefferies Group, Inc.


For more information, please contact Todd Parker, Vice President and Director of Long Term Care, at 212-536-7716.


*According to The MetLife Caregiving Costs Study 2008: Productivity Losses to U.S. Business, produced in conjunction with the National Alliance for Caregiving (NAC).

The information on this page is only applicable to residents of Connecticut, New Jersey or New York.  The information provided is not intended for residents outside of these states.

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*Fee-based financial planning services offered through Lenox Advisors, Inc. Lenox Advisors, Inc., offers access to securities and asset management services through MML Investors Services, LLC., 530 5th Avenue, 14th Floor, New York, NY 10036, 212-536-6000, member SIPC. Investment adviser representatives of Lenox Advisors, Inc. offering fee-based financial planning services may also be registered representatives and investment adviser representatives of MML Investors Services, LLC. for purposes of offering securities and asset management services, as applicable. Lenox Advisors, Inc. is a wholly owned subsidiary of National Financial Partners Corp. (NFP). Lenox Advisors, Inc and NFP are not affiliates or subsidiaries of MML Investors Services, LLC. Services offered through Lenox Advisors, Inc. as an Independent Registered Investment Advisor are not sponsored or offered through MML Investors Services, LLC.

Copyright (c) 2011 Lenox Advisors All rights reserved.

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