Long-Term Care Insurance and What Consumers are Paying

In gathering information from Partnership States, the American Association for Long-Term Care insurance shed some light on the subject of what people pay for long-term care insurance protection. It clearly shows that the majority of consumers are spending far less for long-term care insurance protection than what is reported in the consumer media.

The following data is based on over 70,000 individuals (under age 61) purchasing Partnership long-term care insurance policies between January 1, 2009 and June 30, 2009.
Premium Amount Percentage

• Less than $500 18.1%
• $500 - $999 33.2%
• $1,000 - $1,499 11.1%
• $1,500 - $1,999 10.2%
• $2,000 - $2,499 7.6%
• $2,500 - $2,999 6.0%
• $3,000 - $3,499 4.7%
• $3,500 - $3,999 3.3%
• $4,000 and Over 5.3%

Why are these numbers so important?

Because a number of organizations reported to the media that the average cost is much higher than what is documented here. It is important to get the facts when doing your Long-Term Care Planning.

Long Term Care Insurance Pros is working hard to properly educate consumers and other professionals on Long-Term Care Care Financing and Planning.

For more information: Visit Articles and Resources on Long-Term Care Planning