When Do I Need Long Term Care Insurance? 
You need long term care insurance when : 1 -RRB- You have substantial assets you want to protect , and insufficient income to pay for your own long term care expenses without depleting them ; 2 -RRB- You have enough income to comfortably pay for long term care insurance premiums and want to provide peace of mind for you and your family for your future ; 3 -RRB- You want to live in a specific place to receive your care and may not be able to do so without being able to pay privately -LRB- with the funds that long term care insurance provides -RRB- ; and/or 4 -RRB- You want to hire a relative to live with you to provide your care if you become unable to care for yourself , and probably would not have the money to do so without long term care benefits . The best age for buying long term care insurance , in my opinion , is between 50-60 years old . 