More evidence of the importance of long-term care insurance in your clients’ portfolios: According to a recent study by the American Association for Long-Term Care Insurance and Homewatch CareGivers, a significantly greater percentage of people with the insurance are able to receive home-based care and stay in their homes longer than those without coverage.

Among people who received between five and seven days of in-home care per week, over 70 percent had long term care insurance; a little over 35 percent of people without coverage were able to receive the same kind and frequency of care. Over 41 percent were able to receive care in their homes for over a year; nearly 30 percent of those without coverage could do the same.

Approximately 7.5 million people receive long term care at home for an acute or terminal illness, long-term health condition, or a permanent disability, according to AALTCI. Only 1.5 million are in a nursing home for similar care and 1.1 million are in assisted living facilities.