In a new study by the American Association for Long-Term Care Insurance, the youngest claimant for LTCI was 24 years old when he first received benefit payments, and received the coverage when he was 21.
Since then, the individual has been receiving payments for seven years, the study finds.
"People often mistakenly associate long-term care solely with nursing home care required by the elderly," says Jesse Slome, AALTCI's director. "After purchasing insurance coverage younger individuals have accidents and are diagnosed with health conditions that result in the need for care for months and often years."
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