Long Term Care Insurance:
Why Buy Now? Dollars & Sense

No matter what age you buy the coverage, you will pay the insurance company about the same amount of premium.

For example, if you're age 45, you'll expect to pay $800.00 a year for LTC insurance. If you live to age 80, you'll pay about $28,000 for "35" years of coverage. If you wait to age 60 to get started, you'll pay an annual premium of about $1,500.00. Again, living to age 80, you'll pay about $30,000 total, for only "20" years of coverage. On the surface it would appear we would be better to wait and invest that money during uninsured 15 years. But what happens if one of us develops an illness or has an accident while we're young? It happens too often.

Did we ever think "Superman", Christopher Reeves, would break his neck at age 43, and be paralyzed? Or how about Muhammad Ali and Michael J. Fox who have both been diagnosed with debilitating diseases at ages 54 and 37. Many people collect on their policy while they are still young. This brings up the most frustrating and best reason of all to buy it while one is still young.

The only time you can get this insurance is while you are still healthy. All to often I'm called to insure someone when I can no longer help them. They've become uninsurable. This is terribly frustrating and sad for all involved. You can't afford to time these things. The risks are too great. Feel fortunate if you are reading this now as a young and/or healthy person. The time is now!

Need to talk to one of our insurance specialists? Call toll free 1.866.449.TOTHESAVINGS