At what age is it typically recommended to obtain long-term care insurance?

Long-term care insurance is typically recommended around the age of 65 because this is when individuals often begin to consider their future health care needs more seriously. At age 65, many people are approaching or entering retirement, and the likelihood of needing long-term care services, such as in-home care or nursing facilities, increases.

By this age, many individuals have had the chance to accumulate some savings and investments that can provide a solid foundation for planning long-term health care. Additionally, obtaining insurance at this age generally means that the policyholder is still relatively healthy, which can lead to more favorable premium rates and fewer exclusions for pre-existing conditions.

Buying long-term care insurance earlier, such as at 55 or 60, can also be beneficial for those who want to secure a policy before their health status potentially declines. However, 65 is the standard age when it is commonly advised to start seriously exploring and considering these options as people begin to think more about the implications of aging.