Buying an LTCi policy is a decision that should not be rushed, but it may be costly if it is put off too long. One of the factors in determining your client’s premium is age. The chart below shows the differences in premiums based on age.

Age at purchase	50	55	60	65
Annual Premium Male	$525	$609	$751	$1,091
Annual Premium Female	$774	$920	$1,159	$1,650

These premiums are based on a MutualCare Secure Solutions policy with a $3,000 monthly benefit, $108,000 policy limit, 36-month benefit period and 90-day elimination period. It does not include inflation protection or shared care.

The younger your clients are when applying for coverage will also increase their chance of being approved.

If you have clients who are waiting to buy LTCi, they may become uninsurable or it may be unaffordable by the time they purchase.

To learn more about the benefits of applying at a younger age, click here.

Please contact Mutual of Omaha if you have any questions: (800) 693-6083 or sales.support@mutualofomaha.com.
 
The Cost of Waiting to Buy an LTCi Policy
 
#goldencareagent
#mutualofomaha