Long-Term Care
Insurance Suitability:
Age
Passing health underwriting is heavily influenced by age. The older we
become, the more likely we are to develop health conditions that will
exclude us from obtaining long-term care insurance.
For
example, the percentage of people who
are
healthy enough to pass underwriting is considerably less at age 70 than
at age 60.
Since most LTC insurance claims are
submitted
between the ages of 79 and 85, some insurance carriers stop issuing
coverage after age 79.
After age 80, odds are better than
50% that a person will not qualify for coverage.
And if they do, chances are the premium
will be
much higher than they are willing or able to pay. But if you are
willing to pay, there are carriers who offer coverage up to age 84.
Return
from Age
to Suitability of Long-Term Care Insurance
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