How Long Do You Pay Premiums For Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Premiums for long term care insurance are paid until the insurance is needed. There is no such thing as a "paid up" policy with traditional long term care (LTC) insurance. However, if someone purchases a permanent life insurance policy that includes chronic illness benefits, or has a rider that provides long term care type benefits, then one might be able to pay premiums ahead so that the policy is paid up and ready to use when needed.
    Answered on May 22, 2013
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