I Am Too Young


A lot of us think that only senior citizens need to worry about Long Term Care, so we put off preparing for the possibility. Unfortunately, untimely accidents or illnesses can strike at any age. 42% of the 12 million Americans receiving Long Term Care are under the age of 65. The truth is people of any age can develop serious conditions that require assistance with routine daily activities either on a temporary basis or a permanent basis.

Hour Glass

Further, Long Term Care insurance premiums are based on your age at the time you apply for coverage, so the premium you would pay goes up with each birthday. Studies show that a Long Term Care policy costs almost twice as much when purchased at age 70 that it would have at age 60. Once you’ve purchased Long Term Care insurance, the insurer can only raise your premium on a class basis – not because of your age or health. Another fact to remember is that you must be healthy to be eligible for Long Term Care insurance. Once your health begins to deteriorate or you suffer a debilitating accident, you may no longer be able to qualify for coverage.