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Life Health > Long-Term Care Planning

Long-term care

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  • 50 million: Approximate number of Americans who will be over 65 in ten years.*
  • $85,000: Average amount a 65-year-old will need to insure against long-term care expenses.*
  • 49%: Percentage of people surveyed who want help with retirement savings.**
  • 44%: Percentage of people surveyed who want help with their overall financial situations.**
  • 75%: Percentage of long-term care given in the United States by a family member.***
  • 22.9%: Industry average for applicants between ages 60 and 69 declined due to an existing health condition.
  • 13.9%: Industry average for applicants between ages 50 and 59 declined due to an existing health condition.
  • 51.5%: Percentage of people between ages 50 and 59 who were accepted for coverage and qualified for preferred health discounts.

Source: AALTCI
*Source: Fidelity Investments
**Source: MetLife
***Source: Genworth Financial 2008 Cost of Care Study


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