Findings from the “Woman’s Guide to Long Term Care Insurance Protection”, a publication of The American Association for Long Term Care Insurance (AALTCI), indicate that women who are older than 65 comprise 980,000 nursing home residents in the U.S. This is compared to only 337,000 men in that age group.
According to the Association’s Executive Director Jesse Slome, women benefit more from owning LTC insurance, as two-thirds of all insurance benefits are paid to women.
- 41 percent to single women and 25 percent to married women = 66%
- 12 percent to single men and 22 percent to married men = 34%
- The 2000 census found that there were 20.6 million women age 65 and over, compared with 14.4 million men, i.e. 50% more women than men.
- So, out of every 1000 seniors 600 are women and 400 are men•
- LTC stats say that 60% of all Americans over age 65 will need some kind of LTC before they die, i.e. 600 out of every 1000•
- Therefore 400 women and 200 men out of every 1000 seniors eventually use long-term care.
- Conclusion, women are 50% more likely to use long-term care than men.
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