Since women are expected to live much longer than men, they pay for higher premiums. They will require long term care more compared to men and because of this, insurance companies impose high rates for them. In addition to that, about 70-80% of claims are paid to them. Due to this high ltci rates, women are encouraged to buy long term care insurance early. Watch the video below to learn more about the gender based pricing on ltc insurance.
For more informative videos on long term care insurance, click here to visit their youtube channel.