Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > ETFs > Broad Market

Massachusetts LTC Insurance Market Grows

X
Your article was successfully shared with the contacts you provided.

The number of Massachusetts residents with individual private long term care insurance increased to 97,644 in 2008, up about 23% from the total who had coverage in 2004.

Officials in the Massachusetts Division of Insurance have published those figures in a summary of results from a 2010 survey.

The number of group LTC insureds increased 16%, to 55,214.

But the average age of increased to 65.3, from 61.9, in the individual market, and to 50.4, from 47.7, in the group market.

The average premium for plans sold in a particular year increased to about $2,700, from about $2,300, in the individual market, and to about $513, from about $486, in the individual market.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.