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Life Health > Life Insurance > Term Insurance

Who's buying long term care insurance?

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  • 66% — Percentage of long term care insurance purchasers who are women.
  • $70,975 — Average single premium paid on LTCI in 2008.
  • 49% — Percentage of asset-based LTCI purchasers who were under 65 years old.
  • 84% — Percentage of traditional LTCI buyers who were under 65 years old.
  • 60.5% — Decline rate for LTCI applications from applicants between 65 and 74 years old; over 70 percent of applicants between 45 and 54 were accepted.

Source: AALTCI