What Is The Average Cost Of Long Term Care Insurance Premiums? 
My clients who are over the age of 55 pay between $ 4,000 to $ 7,000 a year . These are clients that have no other assets to exchange for an asset based long term care annuity . My other clients who have large assets will exchange them for a long term care annuity with guaranteed benefits , guaranteed growth on the principle and a guaranteed death benefit . They do not have to use the annuity for a specific long term care need . It is just another to pay for long term care without losing principle . Long term care insurance is a racket . The riders , the definitions and some companies just do n't have a good contract for those who need to pay premiums instead of exchanging assets . 