The average policyholder is age 56, with most (77.6%) policyholders between the ages of 50 and 69. However, many younger people are enrolling in LTC coverage. Slightly more than nineteen percent of purchasers are under age 50 (19.4%). Only 3.9% of LTC insurance buyers are age 70 or older.
The most popular benefit period is 3 years. The majority of purchasers buy policies with a 3, 4, 5 or 6 year benefit period (85.4%). Eleven percent buy a benefit period of 2 years or less.