“Ages When Long-Term Care Insurance Claims Begin,” Advisor Magazine

“Nearly half of all newly started long-term care insurance claims begin for policyholders age 86 or older according to a new study released by the American Association for Long-Term Care Insurance (AALTCI). … According to the Association’s analysis of new long-term care insurance claims that began during 2018, 25 percent of new claims were initiated by policyholders between ages 81 and 85, 27.2 percent were between ages 86 and 90, and 17.5 percent were age 981 or older. … Click here to see latest Long-Term Care Insurance Data – Facts – Costs – Statistics”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

: Guess what? Baby boomers start turning the critical age of 86 in 2032, just 13 years from now. That’s two years before Social Security’s trust fund runs out and six years after Medicare’s stash is gone. When this “trifecta” occurs, watch out. There’ll be no more talk of expanding government programs, much less “Green New Deals.”