Unum’s 4th Annual Landscape of Long Term
Care Reveals Claimants Prefer to Age in Place
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov. 18, 2009--
When Ruth Adams’ husband Norman* was diagnosed with Parkinson’s disease
12 years ago, Mrs. Adams decided to keep her husband at home as long as
possible. “I know he would do the same for me. I have no doubts,” she
The couple’s Unum (NYSE: UNM) long term care policy pays for a daily
visit from a certified aide who helps care for Mr. Adams.
“I never knew our long term care insurance would play such an important
role in our lives,” said Mrs. Adams. “If I didn’t have this coverage I
would have to settle for something far less – not the quality of care we
Last year, 68 percent of Unum’s group long term care claimants received
care in their own homes, while only 12 percent received care in a
“With advancements in technology, more people are opting to stay at home
for their long term care needs,” said John Noble, director of long term
care. “Our claims have shown a consistent increase in the use of the
home care option, proving there’s truly ‘no place like home.’”
Unum’s 4th Annual Landscape of Long Term Care analysis of
claims trends shows:
The leading causes for Unum’s group long term care claims include
brain and nervous system injuries. Dementia follows close behind.
The average length of a Unum group long term care claim in the
under-65 age group is 32 months.
Forty-five percent of Unum’s group long term care claimants are under
the age of 65 at the time of disability and 11 percent are under age
The average age of a person filing a long term care claim with Unum is
66. For claimants under the age of 65, the average age is 53.
In 2008, Unum covered more than 715,000 people under its long term care
policies, processed more than 1,200 claims and paid $19.7 million in
Unum holds 77 percent of the group long term care market and has ranked
No. 1 in the industry in terms of inforce cases and insured individuals
for the past four years, according to LIMRA.
Unless referenced otherwise, the statistics included in this news
release are based on Unum internal data as of 2008.
*Names have been changed to protect the identity of Unum’s claimants.
is one of the leading providers of employee benefits products and
services in the United States and the United Kingdom. Through its
subsidiaries, Unum provided nearly $6 billion in total benefits to
customers in 2008.
Amanda Carmichael, 423-294-7839