Co-Founder, Coastal Financial Partners Group, California
You need to have the coverage in force at the time you have long term care expenses. So, to need to plan ahead. It is always best to buy when you are young and healthy. So, the best time to buy is now.
Delaying purchase of long term care insurance can result in paying higher premiums since they increase at older issue ages. Also, your chances of becoming uninsurable for long term care insurance increase with age.
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.
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Delaying purchase of long term care insurance can result in paying higher premiums since they increase at older issue ages. Also, your chances of becoming uninsurable for long term care insurance increase with age.
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.