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Buyers of Genworth’s newest policies (called PC Flex III) are purchasing insurance that averages $137 per day for 3.4 years. That’s about $170,000 in maximum coverage-a lot less than some older policies that typically provided almost $200 per day for four years (more than $283,000). click here

At the same time, consumers opted for lower daily benefit amounts. Broker World calculates monthly rather than daily benefits but the trend is the same. In 2007, about 10.6 percent of all buyers purchased less than $3,000 (or about $100-per-day) in coverage. By 2013, the percentage purchasing low-end policies grew to about 14 percent. Some of those may have been buying low-cost, very low-benefit policies, sometimes called short-term care insurance. click here, click