When to Buy Long Term Care Insurance

LTC Insurance Can Make a Difference Now

When to Buy Long Term Care Insurance

If you’re young, healthy and active, then living a long life could well be in your future. Planning for that future is now a necessity. In fact, Schneider & Shulman Associates believe when you’re young, healthy and active is the perfect time to think about Long Term Care Insurance for three reasons:

  1. Coverage is cheaper now.
  2. You’ll have more options now.
  3. Later may be too late.


Coverage Is Cheaper Now

If you buy Long Term Care Insurance today, you will lock in your rate. If you wait to buy, premiums will increase significantly.

Premiums are designed to remain the same each year. This means that the younger you are when you first buy a policy, the lower your annual premium will be.


You’ll Have More Options Now

If you wait to purchase Long Term Care Insurance, you could also be more limited in your options because of increased age and a change in your health status. Preexisting conditions can limit the type and amount of coverage you can get.


Later May Be Too Late

Age isn’t the only reason you might need Long Term Care. Although most people who need Long Term Care are older, a catastrophic accident or lifelong disability can strike a person of any age. In fact, 40% of people currently receiving Long Term Care are adults 18 to 64 years old.

Many people are starting to realize these chilling facts and make decisions to protect themselves. The American Association for Long Term Care Insurance reports that the average age of Long Term Care Insurance buyers is now just 58 years old. Ask your peers about Long Term Care Insurance and you’re likely to find someone who’s already made the smart decision to purchase a policy.


No matter how old you are when you purchase a plan, a lifetime of premiums will always be less expensive than one year of Long Term Care.

Schneider & Shulman Associates can help you begin making your Long Term Care Plan today! Fill out our Free Quote form or call our toll-free number to speak with a qualified representative about Long Term Care Insurance.