Long-term-care insurance buyers younger

The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
OCT 29, 2007
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.

Latest News

Fintech bytes: Vestmark, NDEX, and Forms Logic partnerships sharpen RIA tools
Fintech bytes: Vestmark, NDEX, and Forms Logic partnerships sharpen RIA tools

First Trust models, Schwab-linked data tools and Orion transition tech headline a busy week for RIA wealthtech

Two LPL executives jump to competitors as 2026 comes to a close
Two LPL executives jump to competitors as 2026 comes to a close

The change in senior personnel occurs days after LPL Financial tapped a new head of recruiting.

Osaic names new CMO and Empowered Independence head
Osaic names new CMO and Empowered Independence head

Former PulteGroup and Citizens executives join the broker-dealer network after a year of senior leadership departures

RIA moves: Prospera lands $600M Cornerstone team in Rochester
RIA moves: Prospera lands $600M Cornerstone team in Rochester

Independent RIA Concurrent adds over $1B across six moves, while OnePoint BFG opens West Palm Beach with a $240M team

Creative Planning adds $2.2B fee-only RIA Rockbridge in Syracuse
Creative Planning adds $2.2B fee-only RIA Rockbridge in Syracuse

The mega-RIA keeps absorbing independent fiduciary firms as Cerulli data shows the fee-only segment losing asset share

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor