“Millennials May Care Deeply About Long-Term Care Benefits,” by Allison Bell, ThinkAdvisor
“Workers in the ‘Millennial’ generation — those born from 1979 to 2000 — may like seeing long-term care insurance (LTCI) options on the benefits menu even more than older workers do. All workers combined say they like LTCI benefits almost as much as they say they like life [and] disability insurance. Workers seem to be much more interested in LTCI benefits than in benefits sometimes seen as LTCI substitutes, such as critical illness insurance and cancer insurance. Analysts at the Transamerica Center for Retirement Studies have posted figures supporting those conclusions a new batch of data from the center’s survey program. … A copy of the full survey report is available here.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Count me dubious that millennials are that into LTCI, but maybe times are changing.