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December 18, 2012 at 08:14 PM
Women seem to be more likely than men to be planning to provide informal long-term care (LTC) but less likely to be preparing to pay for formal LTC services for themselves.
Thrivent Financial for Lutherans has published that finding in a summary of results from a recent survey of 1,005 U.S. adults.
Women tend to live several years longer than men, tend to outlive their husbands by several years, and are more likely to need formal LTC services, according to the American Association for Long-Term Care Insurance.
But only 12 percent of the women surveyed said they own long-term care insurance (LTCI), and 60 percent of the women said they have no intention of buying LTCI coverage.
