What's the best age to purchase long-term care insurance?
Long-Term Care plans are generally available up to about age 79. The optimal time to purchase Long-Term Care Insurance is typically in your 50's and early 60's.
Purchase age can also be influenced by what type of Long-Term Care plan you choose.
Source: LTCI Partners
How much does Long-Term Care Cost?
Long-term care insurance can be a smart safeguard as we live longer. Most people will need some form of care at some point, and the costs add up quickly—around $62,000 a year for home health care and $113,500 a year for a private nursing-home room. Planning ahead helps protect both your lifestyle and your savings.
Source: U.S. Department of Health and Human Services
How much long-term care insurance do I need?
It depends on your situation. Consider: age, local care costs, personal/family health history, preferred care setting (home, assisted living, nursing facility), how long you want benefits to last, and budget (including inflation protection). We are here to help model scenarios with your numbers to set a monthly benefit and benefit period that fit your goals.
