Is There an "Ideal" Age to Purchase Long-Term Care Insurance?

Actually, the decision to purchase long-term care insurance has nothing to do with age. It has to do with whether or not you haave prioritized your other insurance needs, whether or not you can afford the premium, and your tolerance for risk.

Here are 2 good reasons why advice to wait until a "perfect age" before considering LTC insurance is dangerous:

1. Long-term care insurance premiums rise with each year a person waits to purchase coverage and are also on the rise in the industry in general.
2. While waiting until the "perfect age" to purchase coverage, many consumers will become uninsurable, and some may even begin to needing long-term care.