The American Association for Long-Term Care Insurance reported April 14 that 25 states saw an increase in the number of residents who own long-term care insurance, especially among smaller states.
Alaska, for example, experienced a 130% increase in the number of insured residents. Insured residents increased in Wyoming and Vermont by 62% and 48%, respectively.
The data is from the organization's 2011 LTC Sourcebook.
"Sales of long-term care insurance are increasing as more consumers recognize the importance and affordability of this protection," Jesse Slome, executive director for AALTCI, noted in a statement. "Many insurance agents are having their best years as prospects are seeking them out; something that has never occurred before."