56% Overestimate Long-term Care Insurance Costs

More than half admit to not being familiar with LTCI products; just 5 percent own LTCI.

INN Breaking News, January 28, 2013

Chris McMahon

Most Americans significantly overestimate the cost of long-term care insurance, according to InsuranceQuotes.com, predicting the average annual premium for a healthy 55-year-old couple to cost $7,000 per year or more. According to the American Association for Long-Term Care Insurance, the actual cost is $2,700 per year.

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