This information was complied by: American Association for Long-Term Care Insurance, 2012 LTCi Source Book .
This is an edited report of what are the highlights of the Sales and Claims of 2011.
National Sales results of Individual Policies
Sales by Age: 45-54: 22% 55-64: 56.5% 45-64: 78.5%
Sales by Benefit Period (x days)
Less than 3 years (x 730 days/ x 365 days): 11.5%
3 years ( x 1,095 days): 33.8%
4 years ( x 1490 days): 25.5%
5 years ( x 1825 days): 20%
Sales by Daily Benefit
$100-$149: 36% $150-$199: 23.5% $200-$250: 17.5%
Note: CA average cost of Simi-Private Room: $260 a day
Benefit Increase Mode
5% Compound (life): 33.8% 3% Compound: 23.5%
5% Simple (life): 11.6% CPI Based Formula: 8.1%
Future Purchase Option: 8.2% None: 4%
Percentage of Applicants Declined Coverage
Below age 50: 11% 50-59: 16% 60-69: 24% 70-79: 41%
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