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AALTCI: Many LTC Buyers Are Under 55

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Researchers at the American Association For Long Term Care Insurance have found that 33% of the U.S. consumers who bought individual long term care insurance in 2007 were under age 55.

Only 1% were under 35, but 6% were ages 35 to 44, and 26% were ages 45 to 44, according to the AALTCI, Westlake Village, Calif.

About 15% of the buyers were ages 65 to 74, and only 2% were age 75 or older.

In the group market, 63% of the buyers were under age 55, with 9% under 35 and 1% age 75 or older.


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