Northwestern Mutual Life Insurance Company has found evidence that U.S. residents may be quicker to recognize the need for long-term care (LTC) planning that many in the LTC insurance community realize.
The company has published figures on LTC awareness in a summary of results from an online survey of 2,194 U.S. adults ages 18 and older that was conducted in October.
The company found that the participants who describe themselves as caregivers for other adults and participants who are not caregivers gave similar answers to many basic awareness questions.
Only 16% of the caregivers said they agreed with the statement, “I do not believe I will ever need long-term care” – but only 18% of the non-caregivers said they agreed with the statement.
Similarly, 22% of the caregivers agreed with the statement that, “I think being a caregiver will be easier in the future,” but only 19% of the non-caregivers agreed with the statement.