Are you anticipating that a steady growth of assets during a near lifetime of
work will result in your eventual carefree retirement? Don't let one of
life's unexpected reversals-- such as a serious accident or a lengthy illness--
deplete those assets in a few short years. It can happen during your
working years or after you retire. Long Term Care Insurance can be
the cornerstone of your financial security-- helping to protect those hard
earned resources.
For Personal Service, please enter the following
information:
General
Long Term Care Statistics
Ø
75%
of all claims have claim duration of one year of less.
Ø
Average attained age for initial date of care for claimants was age
78.8.
Ø
Over
95%
of the claims were at ages
65
and over; almost
75%
of the claims were for ages
75
and over.
Ø
The
average age at time of claim is
79
for
females and
78
for
males.
Ø
Female claimants received
66%
of the benefit dollars.
Ø
Average duration from issue to claim was
4.3
years.
Ø
The
average nursing home stay has slowly lengthened to
404
days per claimant.
Ø
The
average home health care length of care is
354
days.
Ø
Most
claims
(75%)
lasts less than one year. Few claims
(1.2%)
lasted more than five years. The longest claim was
12
years.
Nursing
Home Claim Causes: