Long-term care insurance about to set fees by gender
Gender discrimination is coming — and it’s perfectly legal.
The Long Term Care insurance industry has finally recognized the obvious: Women live longer than men. And because women live longer, they use more benefits from their long-term care insurance policies.In fact, the most recent figures show that two-thirds of all long-term care claims were paid to females, and 70 percent of the dollars paid out by insurers were paid to women. That’s a significant number, when you realize the industry paid out more than $6 billion in claims in 2011.