Experts say three to five years’ worth of coverage is a good bet. On average, women need services longer than men — 3.7 years for women and 2.2 years for men. Women accounted for nearly two-thirds of all long–term care insurance claims paid in 2018, according to AALTCI.
Besides, can a 90 year old get long term care insurance?
American Association for Long–Term Care Insurance
Few long term care insurance companies will offer coverage to individuals past age 80 according to the Association. … While few insurance companies today will accept applicants after age 80, Slome counsels consumers to always get a comparison quote.
In this regard, what are the disadvantages of long term care insurance? Long–term care (LTC) insurance has some disadvantages: * If you never need the coverage, you’re out-of-pocket for all the premiums you’ve paid. * There is the possibility of premium increases in some plans. Once you’ve started, you must pay higher premiums or you lose the money you’ve already spent.