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March 14, 2012 at 01:59 PM
Low investment yields have pushed the cost of typical individual long-term care insurance (LTCI) policies 6% to 17% higher this year, according to the American Association for Long-Term Care Insurance (AALTCI).
AALTCI, Westlake Village, Calif., has based those figures on an analysis of prices for 10 frequently sold LTCI policies.
The group looked at prices for 55-year-old single individuals and for couples ages 55, 60 and 65.
The group found, for example, that a 55-year-old single individual who qualifies for preferred health discounts might pay $1,720 per year for $165,000 to $200,000 of current coverage, up 16% from the price the individual would have paid for the same amount of coverage in 2011.
