Consumers and their long-term care (LTC) advisors have been trying to make monthly premiums more affordable by taking steps such as buying less inflation protection and buying coverage at a younger age.

The American Association for Long-Term Care Insurance (AALTCI) says it’s also seeing consumers use another strategy to lower premiums: buying coverage with shorter benefit periods.

About 51 percent of the consumers who bought LTCI coverage in 2014 chose a three-year benefit period, up from 31 percent in 2012, according to AALTCI.

In 2012, 58 percent of LTCI buyers chose policies with benefit periods of four years or longer.

See also: 

LTC planning bits: Newman, AALTCI, AgentReview.net

AALTCI: LTCI buyers are getting less inflation protection