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Long-term care insurance rates on the rise

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  • 2% — Increase in long-term care insurance rates since last year.
  • $723 — Average payment for basic LTCI coverage for a married 55-year-old; the same coverage costs $1,060 for a single person.
  • $305,000% — Expected value of a basic plan in 20 years.
  • $5.8 billion — Amount of LTCI claims paid in 2008.

Source: AALTCI