When Seniors Should Look Into Long-Term Care Insurance

In the last ten months, I have had two women, aged 78, get approved and purchase Long-Term Care Insurance.  In one case, the son initiated and is paying for the policy.

When should someone in their 70s buy Long-Term Care Insurance?

Probably as soon as possible.  Even if they can medically qualify, the premium may still be a shock.  Still, it’s always good to understand your options, so take this as a sign to talk with your family about how they envision getting older and paying for care.  My clients always say they want to avoid burdening anyone as they age.  Purchasing some type of coverage to help with LTC expenses is an excellent way to help fulfill that intention.

This article outlines some considerations for those in their 70s who are interested in care, such as aging at home, or not burdening their loved ones. In the end, it is always useful to weigh options, especially if a person hasn’t planned for the high cost of care.

Understand Your Long-Term Care Options

If you or someone you know have questions about Long-Term Care Insurance. Reach out directly or attend one of my complimentary webinars. Education empowers everyone to make the best decisions and I’m here to help.