LTC Consumer releases 2014 Buying Trends data on long term care insurance

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LTC Consumer announced that its summary of long term care insurance buying trends from 2014 is now available online.

The report shows you what kinds of plans consumers bought recently, and what factors may be less crucial than you may have expected.

LTC Consumer announced that its summary of long term care insurance buying trends from 2014 is now available online.

The one-page guide compiles data from more than 2,000 applications for long term care insurance submitted by LTC Consumer Specialists on behalf of applicants from January 2013 to November 2014.

It summarizes demographics (gender, age ranges, marital status) and details about the coverage itself (benefit period, maximum monthly benefit, elimination period).

“The report shows you what kinds of plans consumers bought recently, and what factors may be less crucial than you may have expected,” Sanow says. “It’s a good way to gain some confidence about what other people like you have been doing about planning for long term care. For example, 58% of applicants through LTC Consumer applied for a 3 year benefit period, 42% applied for a monthly benefit amount between $4,000 and $4,999 and they had an average monthly cost of under $180 a month.”

Consumers can access LTC Consumer’s 2014 Buying Trends for more detail as well as other free guides at http://ltcconsumer.com/resources/free-guides/

LTC Consumer is an independent free online service for information on long term care insurance, whose website offers education on what long term care insurance is, when to buy it, and how much it costs – all without having to speak to a commissioned sales agent. Users can choose to be put into contact with a professionally licensed LTC Consumer specialist who can answer questions, help them with the process of evaluating specific policy features and carriers, and assist them in completing an application.

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Nathan Sanow
LTC Consumer
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