Biggest long-term-care claim is $1.7 million, study finds

04/23/2012 | AdvisorOne

The largest current claim for long-term-care benefits is $1.7 million, for a woman who bought her policy at age 43, paid $881 a year for three years, then began collecting on the policy after that, according to a study from the American Association for Long-Term Care Insurance. About 8 million Americans have long-term-care insurance, according to the association.

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