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What are the odds I will need long-term care insurance?

April 26, 2017Insurance odds term

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What are the odds I will need long-term care insurance?

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The actual claims statistics on homeowner’s and automobile insurance are substantially lower than data from surveys on long-term care risk. A recent analysis by the consulting firm Deloitte & Touche noted that 60% of people over age 75 will need such services. Long-term care is clearly the number one risk facing elderly Americans—and it’s the one for which Americans are least insured.