Most Long Term Care Insurance Buyers Between Ages 45 - 64

Los Angeles, CA, June 23, 2012 --(PR.com)-- Over three-fourths of new long term care insurance policies were purchased last year by individuals between the ages of 45 and 64 according to a new study.

According to the American Association for Long-Term Care Insurance, the national trade organization that conducts yearly research on buyers and claimants, over half of all new purchasers of individual policies were between ages 55 and 64 and 22 percent were between ages 45 and 54.

“The sweet spot for considering and buying long term care insurance is between 52 and 64,” explains Jesse Slome, executive director of the Association. “That is the age when costs are more affordable and the individual is still more likely to health qualify for insurance protection.”

The age of new buyers has been slowly dropping according to Slome. “A decade or so ago that age of the average buyer was 66 or 67, today it is much younger as more people understand of protecting against the likely and cost risk of needing long term care.” Less than five percent of individual buyers were under the age of 45, Slome notes. “Those who buy protection offered in the worksite tend to be younger, but the age gap is narrowing.”

The complete findings of the Association’s research will be published in the Association’s 2012-2013 Long Term Care Insurance Sourcebook provided free of charge to the organization’s members.