About 35% of individuals who recently purchased long term care insurance were paying less than $1,499 per year for the coverage, according to the American Association for Long Term Care Insurance, Westlake Village, Calif.
Among buyers under age 61, 43.5% paid less than $1,499 annually, while about 74% of buyers between ages 61 and 75 paid $1,500 or more, according to a new report from AALTCI.