Young And Sick, Higher Incomes, And More
Long term care insurance is typically purchased in anticipation of needing nursing care at home or in a facility after retirement.
However, new statistics from Unum, a large long term care insurer, shows that almost half of its policy claims were made by people under age 65.
The average age for younger clients making claims was 53, and the average claim lasted for 31 months, Unum said.
Brain and nervous system injuries were the leading causes for claims.
Traditionalists win
Men who hold a traditional view about a woman’s place at home earn more money than those who are more liberal, according to a study published in the Journal of Applied Psychology.
The traditionalists earn $8,500 more on average, the study found. However, women with more traditional views earned less than their counterparts who thought it was ok to work outside the home. The study speculates men who believe in traditional roles may negotiate harder for more pay or that employers may discriminate against more liberal men.
Indexes win again
Over the last five years Standard & Poor’s stock indexes have beaten the majority of actively managed funds, the company said.
The S&P 500 beat almost 69 percent of large-cap stock funds, its SmallCap 600 fund beat 78 percent of small-cap funds, and its bond indexes beat 75 percent of bond funds.


