Planning for the costs and burdens of aging and declining health has become a vital part of retirement planning. Premiums are based, in part, on the age you are when you obtain coverage, your health, your family history, and the amount of coverage within your policy.
While some companies will consider new coverage for those in their 70s, the ideal time is before you retire. The younger you are, the lower the premiums will be - and premiums are generally intended to remain level for the life of the policy.
While you might pay for more years if you purchase a policy when you are in your 50s, you will usually pay less over the lifetime of your policy. The most significant concern is your eligibility for coverage.
Every insurance company has its own guidelines for underwriting. Your good health gives you the ability to address the high costs of long-term health care so you can safeguard income and assets and reduce the stress otherwise placed on your family.
Discuss with Matt whether this is a good time for you to obtain coverage.
McCann represents the top companies. Licensed nationwide and endorsed by the American Association for Long-Term Care Insurance, he will provide free and accurate quotes along with his professional recommendations.
You will be able to shop all the top companies at once. His unique process allows you to speak with Matt on the phone as you view his computer screen on your device. Nothing is easier or safer.
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