When To Purchase Long Term Care Insurance?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    Long term care can impact adults at any age so it is never too soon to purchase insurance for it. The average age of purchase has been falling in recent years as more people are purchasing it at younger ages (many are buying in the 40s and 50s). The premium you pay is less if you start at a younger age. The longer you wait to start, the higher the premium will be.
    Answered on May 21, 2013
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