When Is Best Time To Buy Long Term Care Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaLong term care is generally addressed by advisers around age 50. But most Americans purchase long term care insurance around age 60. You could consider purchasing long term care insurance when you're young and healthy, if your family health history shows a predisposition to chronic health or nursing home confinement in their early senior years.Answered on July 26, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.It is best to buy long term care insurance by age 60 so that you can take advantage of the lower rates that younger ages offer, and also so that you can hopefully precede any health conditions that often occur at older ages. The underwriting for Long Term Care Insurance is stricter than Life Insurance, so applying while able to qualify is important.Answered on July 26, 2013flag this answer
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