How Much Should You Pay For Long Term Care Insurance? 
It will depend on your gender , age , smoking status , health condition , two lives or one life , etc. . You Should Buy Long Term Care Insurance when youre young and in good health . But most Americans under the age of 50 consider it too early in their life for consideration because of other more pressing midlife financial events or commitments to come . The general rule of thumb is age 50 , but most purchase at age 60 . Long term care insurance -LRB- LTCi -RRB- is part of retirement planning . The total medical cost during retirement is $ 250,000 . Some of that expense could be LTCi assisted living or nursing home care . If you have discretionary dollars , it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65 . A nonsmoking male and female in good health purchasing a combined LTC policy will pay around $ 300 a month . 