<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: How Old Is Too Old To Get Long Term Care Insurance?</title>

	<atom:link href="https://insurancelibrary.com/long-term-care-insurance/how-old-is-too-old-to-get-long-term-care-insurance/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/long-term-care-insurance/how-old-is-too-old-to-get-long-term-care-insurance</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: William Bridgers</title>

		<link>https://insurancelibrary.com/long-term-care-insurance/how-old-is-too-old-to-get-long-term-care-insurance</link>

		<dc:creator>William Bridgers</dc:creator>

		<pubDate>Thu, 27 Jun 2013 18:41:52 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/long-term-care-insurance/how-old-is-too-old-to-get-long-term-care-insurance</guid>


		<description><![CDATA[The maximum age for applying varies by carrier.&#160; The lowest maximum age that I know&#160;of is 65 with Lincoln National&#039;s single premium MoneyGuard Reserve.&#160; But, any of the carriers can change their maximum issue age any time they want (with notice) and they do.&#160; The oldest qualifying age that I&#039;m aware of is 80, but typically health issues at that age seriously limit the chance of successful underwriting.&#160; And, the costs at that age are so high as to make stand-alone long-term care insurance virtually unaffordable to any but the most wealthy.Contracts that have a linked long-term care benefit rider may accept an application equal to the maximum date of applying for the contract without the rider.&#160;For example, some carriers have limited the age of adding an LTC rider to a life insurance policy.&#160; Some of the carriers that provide&#160;a &quot;living benefit&quot; for paying for long-term care costs by accelerating the death benefit of a life insurance policy are John Hancock, Nationwide Life, and AXA Financial.&#160; Other carriers may have a similar rider that adds &quot;must be a permanent or chronic condition&quot; to the criteria to qualify for the living benefit.Annuities with favored withdrawal privileges for covering LTC costs may be the only option for the very elderly.&#160; Some annuity companies issue single-premium immediate annuities at virtually any age (usually the maximum is age 90).&#160; However, payments from that type of annuity may not be fully income-tax free.Because of the increasing concern over financial abuse of the elderly, it is important that a qualified tax advisor be consulted before moving any money into a financial instrument that does not require medical underwriting and locks money up for a specified period of time or which allows very limited access to it without stiff back-end (surrender) charges.&#160;]]></description>

		

	</item>


</channel>

</rss>

