Buy Long Term Care Insurance?
Why to buy Long Term Care Insurance, who should buy it, and how LTC Tree's no-pressure, no-home-visit process works.
Why people actually buy LTC insurance
Americans are fiercely independent, and the generation hitting their late 50s and 60s right now was raised on the idea that you take care of your own. When boomers start thinking about their long-term care risk, one fear rises above the rest: losing control over how I am cared for, and leaving the cost to my kids. That fear is almost always the real catalyst behind buying coverage.
The financial logic follows. Most people work 30+ years to build a nest egg and — often — a small inheritance for their family. The last place anyone wants that money to land is a nursing-home bill. A Long Term Care Insurance policy is, at its core, a fence around the nest egg.
A generation ago, adult children did most of the caregiving. Today families are scattered, both spouses usually work, and the math no longer works. Not wanting to become a burden on the people you love is, for most of our clients, the biggest motivator of all.
Why timing matters so much
Two things happen as you wait: premiums rise, and more applicants get declined for health reasons. Both are permanent.
Cost of Waiting
What does waiting actually cost?
Two things happen as you age: premiums rise, and more people get declined for health reasons. See how it plays out for you.
| If you apply... | At age | Est. annual premium | Chance of being declined |
|---|---|---|---|
| Today | 55 | $2,291 | 22% |
| In 3 years | 58 | $2,713 | 30% |
| In 5 years | 60 | $3,037 | 30% |
| In 10 years | 65 | $4,026 | 40% |
Roughly $34,700 more over 20 years of premiums, for the same benefit.
Share of applicants at age 65who are declined for health reasons and can't buy coverage at any price.
Illustrative premiums for a woman in standard health, married with both spouses applying, a ~$165k benefit pool with 3% compound inflation. Actual quotes depend on age, gender, health, carrier, and the benefit design you choose.
Get a real quoteA couple of details worth pulling out:
- LTC policies are guaranteed renewable — as long as you pay, the coverage stays in force.
- Premiums are age-rated at issue. Buy at 55, lock in 55-year-old rates for life.
Who should seriously consider it
- You are over 45 and have assets worth protecting.
- You have a family history of Alzheimer's, stroke, cancer, brittle bones, or cardiac disease.
- You are still healthy. This is counter-intuitive — but waiting until something flares up is how people discover they no longer qualify at any price.
Not sure if you are the right fit?
Interactive self-assessment
Do I need long-term care insurance?
Answer nine questions and get a practical recommendation: buy now, compare designs, pre-screen first, review existing coverage, or consider alternatives.
Where are you in the LTC buying window?
For most serious shoppers, the practical window is the 50s through mid-60s. After that, cost and underwriting matter more.
Two very different ways to buy
Most people do not realize there are fundamentally different ways to shop for this product. The old-school path is a lead form, a pressured phone call, and a kitchen-table close. Ours is not.
The buying process
Two very different ways to buy LTC insurance
Toggle between the old-school agent process and how LTC Tree actually works.
Total time: ~30 minutes on the phone, spread over however many weeks you want to take. We are licensed in all 50 states; your agent is not a kitchen-table visitor.
A note on lead-generation sites
Many LTC "comparison" sites on the internet are lead farms. They sell your info to hungry agents who will want to visit you. We are agents licensed in all 50 states and will happily mail you quotes in our Green Binder so you can take your time. Before you fill out another form, ask yourself: do I want someone at my kitchen table asking for a check tonight on a plan I have not fully researched?
Build the right-sized policy
One of the reasons old-school agents push so hard is that bigger policies mean bigger commissions. Almost every LTC policy you see quoted in the wild has riders, inflation factors, and benefit durations that are more than the average buyer actually needs. Our approach is closer to Dave Ramsey's philosophy: insure the catastrophic risk, but do not be insurance-poor.
Three dials drive almost your entire premium. Move them and see what happens.
Right-sized, not insurance-poor
Adjust the three dials that drive almost all of your premium. See how your monthly cost and benefit pool shift in real time.
How many years of care the pool will cover.
Keeps your daily benefit growing to match the rising cost of care.
Estimated premium
About $4,066 per year
Pool today
Total benefit available now
Pool in 20 years
After inflation growth
This is a balanced design
A 3–4 year pool with 3% compound inflation is where most LTC Tree clients land. Enough to cover the catastrophic risk without being insurance-poor.
Illustrative premium for a 60-year-old woman in standard health, married with both spouses applying. Men, preferred-health applicants, or those applying alone will see a different number. Your real quote depends on age, gender, health, carrier, and state.
Get a real quoteA few principles our agents live by:
- 3–4 years of benefit period covers the vast majority of real-world claims. Unlimited is almost always overkill.
- 3% compound inflation is the standard. Skip it only if you are buying past age 75.
- Daily benefit should cover your state's median cost of care — not the 90th percentile, and not the 10th.
How claims actually work
There is an old myth — borrowed from auto and home insurance — that you need a local agent for claim time. It is not how LTC claims work.
- Your doctor certifies that you need help with the activities of daily living.
- You call your carrier's home-office 800 number.
- A few days later, a nurse or geriatric specialist from the carrier comes to your home to help you start the claim.
Your broker's job was to find you the right carrier and structure. The claim itself is handled by licensed health professionals at the carrier, not by the person who sold the policy. Keep in mind: you may not use this coverage for 20–30 years. Being licensed nationwide and still around in three decades matters a lot more than being the nearest agent in your zip code.
Ready when you are
The quote form below takes about two minutes. We will mail you real numbers from the top 5–6 carriers, and you can read them on your own schedule — no appointment, no pressure, no one in your living room.
