LIMRA’s Long-term Care Statistics

LIMRA’s long-term Care statistics for 2008 shows that, while the number of long-term care policies being sold in the United States is rising, the number of Americans who are properly insured is still extremely low.

The data they reveal include the following:

One in five Americans over age 65 will require some form of long-term assistance.

Only 61,000 Americans have long-term care policies.

There is $71 million worth of long-term care premiums in-force in America.

Long-term care premiums increased 9% from 2008 to 2007

The top two providers of long-term care coverage provide 85% of the long-term care benefits.

The average age of an American long-term care applicant is 60.