Proper research and planning are needed before purchasing an LTCI plan. The best time to buy long term care insurance would be when an individual is confident with the LTC options available to him or her, and when advice from agents and financial consultants has been factored in.

It is generally advised to purchase LTCI as early as possible. This is because a policy’s premium scales with an applicant’s age – the older the policyholder is, the higher the premium will be.  Also, waiting too long before making a purchase lessens the probability of being qualified for coverage. An applicant’s health is also considered as a factor for qualification – mental and chronic conditions that may be a result of aging may prove to be a hindrance for LTCI. For the best rates, it is advised to shop by the age of 50 or early 60s.