Unum Group Corp., Chattanooga, Tenn., finds that 99% of individuals who bought a long term care policy in 2008 purchased some type of home care.
Unum’s 4th annual study of its own internal data also found that women represented 52% of LTC insurance purchasers.
Other key findings of Unum’s analysis:
–The average age of a group LTC policy is 43.
–85% of new group LTC cases were employer-funded.