What’s the best age to buy long-term care insurance?

What’s the best age to buy long-term care insurance?

Universally, it's a fine idea to buy long-term care insurance previous to you’re 60, for two reasons:

1. The younger you are, the less likely it is that you’ll be discarded when you are relevant for the policy. If you relate in your 50s, there’s a one in ten probability you’ll be discarded. If you be valid in your 60s, the probability of negative response is two in ten. If you be relevant in your 70s, the chance of negative response is four in ten.

2. The younger you are the inferior the premium will be for a certain set of benefits and features. Once the premium is set, it stays at that amount for the life of the policy, unless the claims for the group of people who have bought that type of policy require that rates for the group be raised.

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