More than half of U.S. adults admit that they know little or nothing about long-term care insurance (LTCI), but almost half are interested in the idea of owning the product.
InsuranceQuotes.com, an insurance quote service, has published data supporting those conclusions in a summary of results from a telephone survey of 1,001 adults living in the continental United States that was conducted earlier this month.
About 27 percent of the participants said they were not too familiar with LTCI, and 26 percent said they were not at all familiar with the product.