When is the right time to buy coverage?

Long term care insurance is bought with your good health. The right time to purchase coverage is:

• when you are concerned enough to plan for your future,
• you have decided that you do not wish to burden family with having to worry about providing your care, and
• you are healthy enough to qualify for the coverage.

There are two important reasons to consider buying coverage sooner rather than later:

First

• The cost of long term care insurance is based on your age and your health when you apply. Thus, the younger and healthier you are, the more affordable your policy will be.

Second, and most important

• As you grow older, your health will undoubtedly change. It will become more difficult to qualify for coverage once you have had a change in your health.

True Cost of Waiting to Buy

If you decide that long term care insurance is the right decision to protect your assets and your family’s financial future, the best time to plan might be now.

In so doing:
• You may avoid the risk of your health changing to make you uninsurable in the future
• Your rates will be lower today due to your age being younger at time of purchase

For more information on the cost of care for your state, click below.