Long Term Care Insurance Gender Based Pricing

Women live longer than men

Women tend to live longer than men

 

Long term care  (LTC) insurance is now gender-based, and since women tend to live longer than men, the cost of long term care insurance for women is higher compared to men.  Moreover, due to men’s lifestyle who are more involved in alcoholism, drugs and guns, the chances of men dying at an early age is also higher. Also, a lot of women are affected by their current living situation (being divorced, separated or widowed with no family members to care for them). It would be advisable for women to purchased long term care insurance policies at a younger age so it would be more affordable, for married women, they can take advantage of ltci spousal discount since insurance providers are charging single women higher premiums compared to married one.

 

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