Tuesday, March 23, 2010

Long-Term Care Policy Stats

73.5% - Percentage of long term care insurance buyers who were 55 or older when they applied for coverage.

$1,900 – Average annual premium for buyers between 45 and 54.

92.2% - Percentage of buyers who chose a 90-day or longer elimination period on their long-term care coverage.

29.5% - Percentage of buyers who chose a policy that would pay benefits for 3 years or more.

24% - Percentage of couples who bought a policy that covered only one individual.

Source: AALTCI

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