LTC Insurance Costs Up Slightly: Study

29.12.09

Premiums for prolonged term care insurance rose about 2% to $723 a year for a wicked plan for a 55-year-old married individual, according to a scan by the American Association for Long Term Care Insurance.

For a distinguish individual in that age range, base protection would cost $1,060 annually, according to the annual Wish Term Care Insurance Price Index published by the AALTCI, Westlake Village, Calif.

The cram measured costs for top selling long term tend insurance policies that provide around $115,000 in current benefits, with guard increasing yearly as the individual ages.

“A solid despicable plan of protection will grow in value to over $305,000 of care 20 years from now,” said Jesse Slome, CEO director of the AALTCI.

Source: National Underwriter Life and Health Insurance News