Best Age To Buy Long Term Care Insurance (2025)

Some financial advisors suggest waiting until to achieve the best "Goldilocks" balance.

: Premiums are set based on your age at the time of purchase. For example, a 55-year-old male might pay ~$2,075 annually for a standard plan, while that same coverage could cost ~$3,135 if he waits until age 65. best age to buy long term care insurance

: While your annual premium is higher if you wait until 65, you will pay that premium for 10 fewer years compared to starting at 55. For a woman, waiting until 65 could result in saving over $13,000 in total premiums paid by age 80, despite the higher monthly cost. Some financial advisors suggest waiting until to achieve

Many experts recommend applying in your (specifically age 55) to "lock in" your insurability. : While your annual premium is higher if

: Rejection rates climb significantly with age. In your 50s, there is roughly a 1 in 10 chance of rejection, which doubles to 2 in 10 in your 60s, and jumps to 4 in 10 once you hit your 70s.

The "sweet spot" for purchasing long-term care insurance (LTCI) is generally between . During this window, most individuals can still health-qualify for coverage while securing relatively manageable premium rates. The Argument for Your Mid-50s