Survey: Typical LTCI premiums increased 20% in the past year

03/13/2013 | National Underwriter Life & Health

The annual long-term-care insurance premium for a single 55-year-old individual purchasing $162,000 in current benefits has increased 20%, to $2,065, since last year, according to a survey of 12 insurers by the American Association for Long-Term Care Insurance. That follows a 16% increase in policy costs last year, the group said. The increase can be attributed to higher claims costs and diminished yields on investments, according to Jesse Slome, the group's executive director.

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