Average age of LTCI buyer is now 57

Study finds Americans purchasing more affordable Long-Term Care Insurance

More than half (84%) of individuals purchasing long-term care insurance do so prior to retirement age (65) according to a just-published research report by the American Association for Long-Term Care Insurance (AALTCI).  Newman Long Term Care is a proud member of the AALTCI. 

Study findings include:

• The average age of an individual purchasing long-term care insurance is now 57.  The average age of a buyer in 2000 was 67.
• 72% of those purchasing LTCI through the workplace were age 55 or younger.
• 24% of those buying LTCI through an employer plan were between age 35 and 44.
• After you turn 50, costs for identical coverage can increase by between five and eight percent for each year you delay.

Click here to learn more about the AALTCI study.