The Society of Actuaries (SOA) has found a large gap between what average men and average women spend on long term care (LTC) after age 65.

Men spend an average of about 20% of their life past age 65 in a state of chronic disability, and women spend about 30%. Women also live longer.

Because of those differences, women tend to use formal, purchased long term care with an average value of about $124,000. The average for men is about $44,000.

Women also get an average of about 4,100 hours of informal community care after age 65; older men get an average of 3,250 hours of informal community care.

Eric Stallard, a researcher professor at Duke University, has compiled those figures in a report distributed by the SOA, Schaumburg, Ill., earlier this week.

Stallard came up with the LTC use and cost estimates using data from the National Long-Term Care Survey.

Other LTC coverage from National Underwriter Life & Health: