Statistics – Long-term Care Insurance

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I have discovered that getting good statistics on long-term care is equally as difficult as getting them for disability. After reading the New York Times article on disability statistics, I couldn’t help thinking that there might be the same problems with what was being said to encourage people to buy long-term care insurance. I made some inquiries and today I got a 137-page report on the subject from the Society of Actuaries.

I intend to read it this weekend. I’ll report back next week with my conclusions.

This is especially important to me because I am in the process of buying long-term care insurance for my wife and myself. As many of you may know, I have been an advocate of this insurance. Now I’ll be forced to reexamine my thoughts on the matter.

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2 Responses to “Statistics – Long-term Care Insurance”

  1. Harvey Andruss Says:

    Bill:

    Which one are you referring to? I downloaded the “Intercompany Study” from 1984 to 2004 and it’s 123 pages http://bit.ly/daplTo. Also the 29 page 2007 study on lapse rates http://bit.ly/ajxan3. Another 43 pager on morbidity rates and LTCi http://bit.ly/9mp5W6. Finally on transfer between settings for LTC (at home to skilled nursing and back) http://bit.ly/b92cOS

    Thanks for tweeting this.

    Harv @ltci_advisor

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