LTC premiums vary by age, gender, and type of plan and insurer selected. And since there is a 70% chance, that once you turn 65, you will need some type of long term care services. It’s best to start comparing rates sooner than later.
The average cost of a long term care insurance policy for a single 55-year-old man is around $950 per year on average in 2021 for a $165,000 coverage benefit, whereas a single 55-year-old woman will pay $1,500 per year.
Check out our average long term care insurance rates by state below:
Average Long Term Care Insurance Rates By State
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