Your source for the latest health, disability and Insurance news and tips

When should you buy long term care insurance?

You have the opportunity to purchase long term care insurance at any time. Even so, many people don’t think about this when they are young and healthy. Instead, it only comes into play as they grow older and begin to think about the need for specialized care.

But here is something to remember: You will have an easier time finding and buying an affordable policy when you are young and healthy. This doesn’t mean you should make a purchase when you are 20, but you may want to start thinking about this well in advance of reaching the age when you have a higher likelihood of needing care.

The American Association for Long Term Care Insurance notes that you have a 1 in 7 chance of being denied long term care coverage during your 50s. This jumps up to a 1 in 4 chance once you reach your 60s.

With these numbers in mind, it only makes sense to consider a policy when you are in your 40s. You can purchase later in life, but there is always the chance that you could be denied coverage.

Long term care insurance should be a big part of your estate plan. Just the same as life insurance, this is not something to take lightly. With the right policy in place, it could save you and your loves ones a lot of money in the future.

There is no right or wrong answer as to when you should buy long term care insurance, but it always makes more sense to consider this earlier in life.

Source: Trusted Choice, “The $70k Reason to Consider a Long Term Care Policy,” accessed March 21, 2016

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content