Sixteen States Still Offer Unisex Long Term Care Insurance Rates Reports AALTCI

New York, NY, January 24, 2014 --(PR.com)-- California, New York and Florida are three of the nation's larger states where men and women still can pay equal amounts for long term care insurance according to an analysis by the American Association for Long Term Care Insurance.

"Last Spring, the nation's leading long term care insurance companies began charging women more for long term care insurance coverage," explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI). According to AALTCI, women account for two-thirds of the claim benefits paid by insurers. "The industry paid $6.6 billion in claim benefits in 2012 with two thirds going towards the care needs of women."

Sex distinct pricing, whereby women pay more has been rolled out systematically on a state-by-state basis. "According to our analysis there are still sixteen states and the District of Columbia where at least one major carrier offers unisex pricing for long term care insurance," Slome notes. "That still provides a window of opportunity especially for single women but that window is closing.

According to the Association analysis, leading insurers including Genworth Financial, John Hancock, Mutual of Omaha and Transamerica Long Term Care still offer unisex pricing in Arizona, California, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Indiana, Massachusetts, Maryland, Montana, New Jersey, New York, North Dakota, Oregon, South Dakota and Virginia.

"The difference in what you'll pay can be significant making comparison shopping all that more important," Slome advises. "This is an instance where working with an independent long term care insurance specialist appointed with multiple companies can truly be to your advantage."

For information about long term care insurance costs or to connect with a long term care insurance specialist who is a member of the Association call the organization at (818) 597-3227 or on their website at www.aaltci.org where access to free consumer guides is available.