What is the typical age range when people purchase long-term care (LTC) insurance?

The typical age range when individuals purchase long-term care (LTC) insurance is generally between ages 50 and 60. This demographic is often considered ideal for purchasing LTC insurance because it strikes a balance between being old enough to recognize the potential need for long-term care services and still being young enough to obtain the policy at more favorable rates.

In their 50s, people might be more aware of health risks and the challenges of aging but may not yet be facing significant health issues themselves. They are also typically in a financial position to afford premiums while still planning for retirement. Purchasing LTC insurance later, such as in the 60s or 70s, can result in higher premiums or even difficulty obtaining coverage, as health issues may become more prevalent. Therefore, the age range of 50-60 is seen as the most strategic time to consider long-term care insurance.