As the policyholder grows older, the premiums for shared long-term care policies increase to cover this risk. The best time to avail on is indeed while you are still young and able to have control over your finances. When you are about to retire, you must be very prepared for your future. People who reach the age of 65 are likely to make it through until they are on their 80’s. The cost for long term care must be so high by that time that financing it on your own or by your children could strain your budget.
I have been to a long term care insurance site and got a free quote from one of the top insurance companies. I compared it to the quote received by my parents and it was much lower. I am now into a lot of long term care blog and learning a lot from the bloggers.
I received a lot of advice from the shared long term care insurance planners. The best that I could share to you is that premiums are lower while you are younger. Take advantage of that age and forget about your worries. Life can be smoother when you have the peace of mind.