NU Online News Service, Nov. 1, 2:23 p.m. – LIMRA International, Windsor, Conn., says 4 million U.S. residents now have long-term care insurance, up from 1 million in 1990.
The total number of policies sold during the first half of the current year was up 4% from the number sold during the first half of 2000, and the average premium for a tax-qualified plan increased 2%, to $1,729, according to a new LIMRA report on LTC insurance trends.
The average premium for a non-tax-qualified plan fell 9%, to $1,566.
LIMRA researchers based the figures on an informal survey of 78 consultants and insurance and reinsurance executives.