The Best Age to Buy Long-Term-Care Insurance

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If you wait until you realize your health is declining, youve waited too long. First of all most insurance companies will decline your application at that point, then your on your own and your spouse and family will now take responsibility for your procrastination. Second if you are able to still get a policy your premium will now be double or triple due to your rating class. Why put your whole family at risk?

Brian of AZ 9:44AM November 13, 2011

What government programs? The government is not in business of paying for the very high cost of long term care. Everyone can benefit from a long term care policy, I would much rather leave the bulk of my estate to my loved ones, not in the hands of long term care facilities. This article is very irresponsible in reporting & making it look like you don't have to worry because the government will take care of you, I know first hand that that is NOT true! Please do your research, this is very irresponsible to report such a thing.

Keellie of MN 4:54PM November 10, 2011

Usually people have some idea that their health is beginning to suffer; for some people that may be in their 50s, for others their 60s. This article is a good guide subject to the health vector of the individual making the purchase; my neighbor purchased his when he was 65 and had no problem passing the physical, but he had just had several warnings (from knees and some internal organs) that his health would be heading downhill soon. For him, that was the most cost-effective time to buy.

Cariadoc of NV 2:01AM August 05, 2011

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riggsavent of IN 7:56AM April 23, 2010

This article is full of bad information and advice. Putting the emotional aspects of long term care aside, the financial reality is that almost 1 in 2 people (much higher for women) will need some form of long term care in their lives. The financial burden for paying for this long term care will fall heavily on the individual, family members or taxpayers.
Waiting to purchase LTC insurance will almost always cost the consumer more in the long run. More importantly, however, is that by waiting, the consumer runs the risk of becoming uninsurable. Just look at the trends with heart disease, obesity, diabetes, etc. and you'll understand that just because we're living longer, doesn't mean that our health is better. There are many people that wait 'too long' to purchase long term care protection just to find out that they're now ineligible because of an adverse health condition.
It's articles like these that cause uninformed consumers to make very bad financial decisions that will haunt them and their family members for a very long time.

Steven Stark, CLU, ChFC of CA 5:09PM December 14, 2009

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brittonrob of LA 11:52AM December 04, 2009

Emily, Emily, Emily--
Sigh . . .
Oh, well . . .
Too much . . .
Bad info . . .
Please retract the article

Honey Leveen of TX 10:59PM November 15, 2008

Just about all the negative comments above come from people who make money if people buy early, buy too much, etc.
For any consumers who may be reading, take all this with a shaker of salt, no, make it a 55-gallon drum.
Don't buy until you are ready and can afford it. The worst mistake is to buy too much too soon.

Robert Early (great-grandson of Gen. Jubal Early) of LA 10:51PM November 15, 2008

Seems as if most of the negative comments are from LCTI salespeople. The article provides a reasonable, balanced analysis of the topic.

of 10:38PM November 15, 2008

I am an insurance salesman life, health, property and casualty, and etc. I am trying to find out as much information as possible about LTC and DI insurance. My company offers it but I am not very knowledgeable about it and need to learn the in and outs of it not company regs.

Bryan of WV 10:03PM November 14, 2008