Long Term Care Insurance (LTCI)
As you get older, chances are you will be needing long term care assistance which could cost you all of your life’s savings. To prepare for this eventuality, buying a long term care insurance is the best option. But, when I s the right time to buy it? Premiums for long term care insurance is dependent on your age and your ability to pay the premiums. Getting them at a younger age means lower premiums but you will be paying over a longer period of time. Most people opt to buy this type of insurance around the age between 50 – 60 so that they will be paying at a slightly lower premium.