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Growing Numbers of Younger People Purchase Long Term Care Insurance

By Gerry W. Beyer

ImagesLong term care insurance isn’t just for an aging crowd.   The AmericanAssociation for Long-Term Care Insurance released a study that found a 28 yearold who had been receiving benefits from his long term care insurance for fouryears.  He purchased the coverageat 21 and received his first benefit at 24. 

In 2011, the long term care insurance industry paid $6.6billion in claim benefits to over 200,000 individuals.  Insurance companies noted that there agrowing number of younger individuals are purchasing long term careinsurance. 

See American Association forLong-Term Care Insurance, YoungerLong Term care Insurance Claimants Examined, Sacramento Bee, Sept. 5,2012.

Special thanks to Jim Hillhouse (Professional LegalMarketing (PLM, Inc.)) for bringing this article to my attention.

Posted in:
Disability Planning - Health Care