Long-term-care insurance buyers younger

Oct 29, 2007 @ 1:46 pm

By Sara Hottman

Long-term insurance is appealing to an increasingly younger cohort of clients, a survey conducted by the American Association for Long-Term Care Insurance reported.

The average long-term care purchaser’s age is 58, down from 61 in 2005 and 67 in 2000, according to the survey, which was released as a precursor to National Long-Term Care Awareness Week, Nov. 4 through 14.

Eight million Americans have long-term care insurance, and 46% of those holders are between ages 50 and 60, according to AALTCI.

Approximately 14% of purchasers are under 50 and more than 39% are over 60.

The survey, conducted in September, also reported that more than 66% of claimants receiving benefits are women and only about 33% are men.

AALTCI is a national professional trade association for insurance and financial services professionals, insurance companies and consumers.

0
Comments

What do you think?

View comments

Most watched

Events

Finding innovation in your firm

Adam Holt of AssetMap explains how advisers understand they need to grow, but great innovation may be lurking right under your nose.

Events

Finding your edge from Tony Robbins

Guru Tony Robbins has helped a lot of people, but armed with his psychology Financial Advisor Josh Nelson has helped his practice soar.

Latest news & opinion

SEC sets June 5 date for vote on Regulation Best Interest

Commission adds new item to agenda: Interpretation of broker guidance that qualifies as advice

House passes SECURE retirement bill with massive bipartisan support

The measure allows small employers to band together to offer plans and raises the RMD age. Another provision eases use of annuities in 401(k)s, which critics say goes too far

10 IBDs with the most annuity revenue

Here are the independent broker-dealers that brought in the most annuity revenue last year.

DOL sets date to propose new fiduciary rule

The regulation, expected in December, likely will be contoured to the SEC's new advice standards.

LPL expanding platform to include employee brokers

The largest IBD in the country has agreed to buy a small broker-dealer in Florida to kick off the new effort.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print