The American Association for Long-Term Care Insurance (AALTCI) says the typical age of buyers of life insurance-long-term care (LTC) hybrids is falling.
The percentage of male buyers who are under age 65 increased to 56 percent in 2012, from 53.5 percent in 2011.
The women of female buyers who are under age 65 increased to 53.5 percent, from 50 percent.
AALTCI has based those figures on an analysis of $400 million in new 2012 sales and a comparable analysis of 2011 sales.
About 31.5 percent of the 2012 life-LTC hybrid buyers were men and 68.5 percent were women, according to AALTCI.
AALTCI is preparing to publish the life-LTC hybrid figures in its upcoming 2013-2014 Long Term Care Insurance Sourcebook.
AALTCI Executive Director Jesse Slome said in a statement about the results that he sees a “greater emphasis by insurers on attracting younger buyers.”