From Insurance Lounge

Long-term care insurance makes as much sense for people in their forties and fifties, as it does for people who are retired. Here’s why:

  • The High Cost Of Waiting: Like life insurance, the premiums on long-term care insurance policies are based in part on your age at the time of purchase, and are therefore generally less expensive the earlier you buy.
  • Higher Likelihood Of Un-Insurability: The longer you wait to secure coverage, the greater the chance that a health problem may develop that could make your coverage more expensive – or difficult to obtain.
  • An Early Need: Accidents and illnesses can occur at any time, at any age, to anyone. It’s important to have your plan in place before the unexpected happens.