Group Long-Term Care Insurance Employer Long-Term Care Insurance Study Data

When it comes to buying long-term care insurance protection, there are some significant differences between those purchasing group (employer-sponsored) coverage with those purchasing on an individual basis (typically through an insurance professional).

According to findings of the annual study conducted by the American Association for Long-Term Care Insurance, the industry's professional trade organization, group buyers tend to be younger, tend to select longer coverage and also claim against their policy beginning at younger ages. The Association analyzed data on 95,000 buyers of employer-sponsored long-term care insurance protection and over 200,000 individual buyers. Some 8.2 million Americans currently have long-term care insurance protection and about 400,000 new policies or group certificates are issued annually.

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