Long-term care insurance is a valuable financial planning tool considering that it can help cover the cost of nursing homes, assisted living communities and even home health aides later in life. On the other hand, you'll have to pay premiums to purchase and maintain coverage. And, those premiums can get expensive if you wait too long to purchase a policy.
But prices can vary significantly, even accounting for the average difference between the sexes. She also explained that a 65 year-old female would pay about $4,599 annually for a similar policy. Compare your long-term care insurance coverage options today. Why you should get long-term care insurance now if you're 65If you're 65 years-old, and you don't already have long-term care insurance, you shouldn't hesitate to apply.