Co-Founder, Coastal Financial Partners Group, California
The best time to buy is now. There is no reason to delay a purchase since the premiums increase at older issue ages as do your chances of becoming uninsurable for long term care insurance. Long term care can impact adults at any age so it is never too soon to purchase insurance for it.
The average age of purchase has been falling in recent years as more people are purchasing it at younger ages (many are buying in their 40s and 50s).
Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
There's an African proverb that says, "The best time to plant a tree is 20 years ago. The 2nd best time is Today." The younger you are the lower the premium so the earliest that you can buy a long term care policy the better. It's even better when you can add a long term care rider to your whole life policy, because the premium for the rider is far less than the premium for a stand alone policy and the premium is less likely to increase over time.
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The average age of purchase has been falling in recent years as more people are purchasing it at younger ages (many are buying in their 40s and 50s).