If you have personal assets to protect, now is the time to compare long term care insurance providers and policies. If there’s a history of serious illness in your family, then long term care should be an even greater priority.
It’s imperative to apply while you’re still healthy. If down the line you become seriously ill without the protection of long term care, then it will be too late; no long term care provider will issue you a policy after your health has deteriorated.
Long Term Care policies are usually guaranteed renewable; once you qualify, you’ll remain eligible as long as you pay your premiums. Another good reason to plan ahead: the premium is based on your age at the time you purchase the insurance, and is usually locked in for the life of your policy