Women will use long term care for 4 years vs 3 years with men


Women account for two thirds of all long term care insurance claims paid in 2018. AALTCI

Text Connie Dello Buono, 0G60621 for long term care insurance with life insurance added policy to be customized based on your needs, with medical or non medical tests needed. 4088541883 connie@connielifeins.com

Example: 67 yr old male, $140 per month premium for long term care plus life insurance policy to get $3000 monthly benefit in long term care.
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Reported in LTCi Sales Strategies magazine (Volume 7, Number 3, December 2005). May be used with credit to LTCi Sales Strategies magazine and Milliman USA.

What’s the likelihood of getting LTC services (based on length of stay information shared by Milliman USA, leading LTC insurance actuaries) from all ages combined?  

Out of 1,000 65-year-old policyholders
        –      449 will get LTC services
        –      106 will get LTC for > 2 years   
        –      59 will get LTC for > 3 years
        –      34 will get LTC for > 4 years
        –      20 will get LTC for > 5 years

The length of stay also varies significantly by whether the policyholder is married or single, or male or female. The two “extremes” for a 65-year old are shown: that for a married male (lowest) and a single female (highest).

Out of 1,000 65-year-old males, who are married              

        –      302 will get LTC services
        –      20 will get LTC for > 2 years   
        –      12 will get LTC for > 3 years
        –      7 will get LTC for > 4 years
        –      4 will get LTC for > 5 years

Out of 1,000 65-year-old females, who are single

        –      555 will get LTC services
        –      70 will get LTC for > 2 years   
        –      51 will get LTC for > 3 years
        –      35 will get LTC for > 4 years
        –      23 will get LTC for > 5 years

Source:  Data compiled by Milliman USA, published in LTCi Sales Strategies magazine, December 2005.

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connie dello buono

Health educator, author and enterpreneur motherhealth@gmail.com or conniedbuono@gmail.com ; cell 408-854-1883 Helping families in the bay area by providing compassionate and live-in caregivers for homebound bay area seniors. Blogs at www.clubalthea.com Currently writing a self help and self cure ebook to help transform others in their journey to wellness, Healing within, transform inside and out. This is a compilation of topics Connie answered at quora.com and posts in this site.

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