The Best Age to Buy

1. The Best Age to Buy The Reason Important Facts to keep in mind

2. Younger Age = Good Health = Discounts! The “best” age to enroll in long-term care insurance is usually somewhere between age 50-60 or your mid 50’s. Lock in your good health today!

3. The Reason In contrast to the Affordable Health Care Act, long-term care insurance requires you to qualify from a health stand-point. Certain health issues can cause you to become uninsurable either temporarily or permanently – typically, our health changes as we get older, so securing coverage sooner than later increases your chances of qualifying and doing so at a better health rating.

4. Important Facts to Keep in Mind • Insurers offer discounts to applicants in good health • These discounts are locked in and you don’t lose them if your health changes later • The percentage of applicants who qualify for good health discounts declines as one ages • The percentage of applicants who are declined for health reasons increases as one ages • Premiums are based on your age when you apply • Cost increase on your birthday (for each year you don’t lock in your rate) by 2-4% in your 50’s but start to be 6-8% per year in your 60’s