Long Term Health Insurance

[kry226]

At what age should we buy LTC for the best balance of coverage and price? I used to hear that 60 years old is the right age, but not sure how much, if any, the industry or popular thinking/advice has changed over the years.

[Atfulldraw]

At what age should we buy LTC for the best balance of coverage and price? I used to hear that 60 years old is the right age, but not sure how much, if any, the industry or popular thinking/advice has changed over the years.

55

[M16]

At what age should we buy LTC for the best balance of coverage and price? I used to hear that 60 years old is the right age, but not sure how much, if any, the industry or popular thinking/advice has changed over the years.

The best is not at all. Invest the money a policy will cost you then pay if you need it. What does ltc pay if you drop dead and never use it?

[TCB]

The best is not at all. Invest the money a policy will cost you then pay if you need it. What does ltc pay if you drop dead and never use it?

My Mom got a policy at 56, she's now 73 and only pays $157/qtr. Assuming that's the money you have to "invest", approx. $10k. How are you going to turn that into enough money to cover LTC? The facility my MIL is going into is $5500/month, so you'd need $66k/yr. to cover you.

The risk with ALL insurance is paying for something you may never need/use.