Determine Your Need for Long-Term Care Insurance
The need for long-term care services can arise at any time. A serious illness or accident can strike people of any age. In fact, nearly half of all Americans will need long-term care services at some point in their lives. And one in five people over age 50 is at risk of needing it in the next 12 months.
Source: Long Term Care Policy Experts, Stakeholders Address Challenges Facing Aging Population as 77M US Boomers Near Retirement Age, April 20, 2005, U.S. Newswire

Do I need long-term care insurance?
If you're over age 65, the need for an individual long-term care insurance policy may be obvious. You know you may need help as you age, and you want to be able to pay for any long-term care expenses without draining your retirement savings or becoming a burden on your family.

But here's something that may surprise you:
If you're 60, 55 or even 50 years old, you should consider adding long-term care insurance to your portfolio. The need for long-term care services can arise from a serious accident or illness. And if that happens, how will you pay for the care you need? Long-term care insurance can help. Plus, if you purchase a long-term care insurance policy at a younger age, the premiums you will pay will be lower than if you waited to purchase the coverage.

Long-term care insurance products offered have varying rates based on many factors, including age.

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