Why More and More Seniors are Unable to Afford Long Term Care Insurance
Long term Care Insurance has gotten much more expensive throughout the years. Fewer and fewer seniors are able to pay the amount needed to have good long term care insurance. According to Fortune, 55% of people over 50 years old decided not to purchase coverage due to its costly price. It has become a rarity for seniors to have it when they need. Only 1% of people over 75 years old buy LTC insurance. The average age of buying the insurance is 55 years old because if one waits until the are 75, the premiums are high AND most people by[…]