Many experts suggest shopping for long-term care insurance between the ages of 45 and 55, as part of an overall retirement plan to protect assets from the high costs and burdens of extended healthcare. Long-term care insurance is also cheaper if you buy it younger. In 2020, the average annual premium for a couple, both 55 years old, was $3,050, according to the American Association for Long-Term Care Insurance.
While premiums can cost less if you buy a policy at a younger age, you will be paying for coverage many years before you are likely to need it. So weigh your options carefully.