Generally speaking, the earlier you purchase long-term care insurance the less expensive it will be in terms of monthly premium.
Investors in good health should start thinking about long-term care insurance as part of their overall financial plan around their late 40’s/early 50’s. Medical history also plays a role. If your parents needed daily medical care later in life, then you should consider purchasing a long-term care policy sooner than later.
Also, if you have the financial means to do so, it could make a lot of sense to purchase a long-term care insurance policy – long-term care is often thought of as “asset insurance,” since it may help prevent you from depleting your nest egg later in life for daily care.
Should I Buy a Long-Term Care Policy?
How Should My Strategy Change With Age?
How Does My Retirement Age Impact My Social Security Benefits?