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| Long Term Care Insurance | |||||
| Buyer Profile - 2001 | |||||
| Average Age | 63 | ||||
| Below age 50 | 8% | ||||
| 50-54 | 11% | ||||
| 55-59 | 17% | ||||
| 60-64 | 22% | ||||
| 65-69 | 18% | ||||
| 70-74 | 13% | ||||
| 75 or Above | 11% | ||||
| (76% of purchasers of LTCI were under the age of 70) | |||||
| Rate Class | |||||
| Single | 37% | ||||
| Married | 63% | ||||
| Maximum Benefits | |||||
| 2 Years | 14.33% | ||||
| 3 Years | 19.00% | ||||
| 4 Years | 14.33% | ||||
| 5 Years | 14.33% | ||||
| Unlimited | 38.00% | ||||
| Elimination Periods | |||||
| 0 days | 10% | ||||
| 30 days | 16% | ||||
| 60 days | 10% | ||||
| 90 days | 62% | ||||
| 180/365 | 2% | ||||
| Premium Paying | |||||
| Life | 96% | ||||
| 10 Year | 3% | ||||
| 20 Year | <1/2% | ||||
| Paid-up @ 65 | <1/2% | ||||
| Single | 1% | ||||
| Average Premium $1,643 | |||||
| Source: Broker World 7-02 | |||||
| Contact us at: info@insuranceandwellness.com | |||||
| Quote form | |||||
| Insurance & Wellness in the Rockies * 16450 S Quebec St. Suite 5-28 * Centennial, CO 80111-4681 * 303-649-1922 | |||||