When Should I Get Long Term Care Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   Most retirement advisers recommend purchasing long term care insurance at 50 years of age, but the actual and more popular age is 60. A non-smoking married couple age 60 and in good health purchasing maximum benefits with an inflation rider are going to spend $300 a month. Considering that seniors spend $250,000 during their retirement for medical bills and extended care, that’s seems reasonable.
    

   Answered on June 16, 2013

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