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Age rises for group long-term care insurance buyers

Buyers of true group long term care insurance tended to be older in 2009, and selected less costly policy features, according to new analysis from the American Association for Long-Term Care Insurance (AALTCI).

By Jenny Ivy | Updated on April 12, 2010

Buyers of true group long term care insurance tended to be older in 2009, and selected less costly policy features, according to new analysis from the American Association for Long-Term Care Insurance (AALTCI).

“Costs for health insurance and other employee benefit programs increased dramatically last year so it’s not surprising that employees were older and more cost-conscious when it came to long-term care coverage,” said Jesse Slome, executive director of AALTCI, in a released statement. “Younger employees likely decided they could postpone the decision.”

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