Facts and Figures on Long-Term Care Insurance
For Individual (non-group) policies
Average issue age: 58.1. This age has been at 58 years for the last three years. The average age at policy issue was 61.3 in 2004; 59 in 2003; 63 in 2002.
Average annual premium: $2,132. ($1,985 in 2005; $1,929 in 2004; $1,771 in 2003)
Top 5 Individual Insurance Companies (by new sales)
Genworth $171 million
John Hancock $145 million
MetLife $63 million
Bankers Life & Casualty $36 million
New York Life $26 million
The next five insurers are: Allianz, Prudential, MassMutual, Mutual of Omaha/United of Omaha, State Farm, MedAmerica.
