What is the right age to purchase long term care insurance?

In general, long term care insurance can provide coverage to anyone 18 years of age or older. When purchasing long term care insurance there are two important reasons to consider taking care of it now rather than later:
1. The cost of long term care insurance is based on your age and health when you apply. The younger and healthier you are when the policy is issued, the more affordable your long term care insurance policy will be.
2. The long term care insurance coverage a person buys for their future will also help protect them today. If an accident or illness occurred today (e.g. stroke, heart attack, serious illness), which required you to need long term care, owning a long term care insurance policy would provide benefits to pay for some or all the cost of long term care.
By being proactive in your 40s and 50s and purchasing long term care insurance, you can reduce the uncertainty of later years and maintain control over important long term care decisions, your assets, and your family’s future.