The long-term care insurance industry incurred just over $1 Billion in claims in its first 18 years (1974-1992).
Around 1996, the industry began incurring over $1 Billion in claims per year.
The industry now averages $1 Billion of incurred claims every six weeks.
In 2014 there were 254,910 claims incurred totaling more than $8.7 Billion.
Claims incurred for 2015 are projected to exceed $9.3 Billion.
Cumulative incurred claims will exceed $100 Billion by the 3rd quarter of 2016.