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Life Health > Life Insurance > Term Insurance

Buyers' profile: Long-term care insurance

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  • 73.5% – Percentage of long term care insurance buyers who were 55 or older when they applied for coverage.
  • $1,900 – Average annual premium for buyers between 45 and 54.
  • 92.2% – Percentage of buyers who chose a 90-day or longer elimination period on their long-term care coverage.
  • 29.5% – Percentage of buyers who chose a policy that would pay benefits for three years or more.
  • 24% – Percentage of couples who bought a policy that covered only one individual.

Source: AALTCI