Long Term Care problems Solved
Ask the expert, Dennis H. Lentin

I am in my fifties and think that I should wait until I am older to purchase Long Term Care insurance. Am I right?

In a word, NO, you are wrong. Let’s look at a policy from a leading insurance company to see how this works.

The policy we will look at is a comprehensive plan with a Daily benefit of $120.00 per day, 5% compound inflation protection, with benefits lasting four years.

If you were to purchase this plan, providing for inflation, with your spouse at age 50, the plan would cost $835.00 per year, purchase the same plan at age 55, $1130.00 per year, age 60, $1945.00 per year age 65 $ 3370.00 per year.

When you extend these figure up to age 85, you will find that the younger you are when you buy, the cheaper Long Term Care insurance is, in the long run.

Remember that the younger you are, the healthier you are and medically qualifying for Long Term Care is easier. (Inflation protection calculated at 5% compounded per year.)

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For a free buyers guide to Long Term Care Insurance, call 1-800-960-0438

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or write to:

Dennis H. Lentin
DL Financial Consultants
3852 Black Forest Circle,
Boynton Beach, Florida 33436