If you are planning to buy a long-term care insurance policy, you should do so early (50-60 years of age) as the policy premiums rise aggressively with age. Additionally, consider finding an insurance broker who works with several insurance companies, as opposed to a single insurer, in order to find the policy that best suits your needs. Finally, remember to request a full copy of the policy/contract prior to signing up and leverage the knowledge of a professional advisor (outside of the insurance agent) to help you review the policy.
There are many variables to consider when planning for how you will cover any long-term care needs you or your spouse may have. Make sure that you start this process early, review all the available options and leverage the knowledge of an unbiased financial professional. The Wealth Advisors at Round Table are here to help you navigate the options and construct a plan that best addresses your specific needs.