Long Term Care Insurance Quotes for 40 to 49 Years Old (2023)

Most people between ages 40, 45 to 49 years old aren’t thinking about long-term care insurance, but they should before it’s too late.

The younger and healthier you are, the more affordable the insurance is, making it worthwhile.

Read on to find out more about long-term care insurance quotes for 40, 41, 42, 43, 44, 45, 46, 47, 48 to 49 year-olds and how to get the most affordable premiums.

Sample Long-Term Care Rates for Age 40 to 49

To make the best decision, you’re going to need to know the sample long-term care rates for ages 40, 45 to 49.

However, the rates vary depending on your marital status, age, health, and other factors.

Using a 3-year benefit period, with a 90 day elimination period and 5% compound inflation with no max, these are the long term sample rates for single individuals between 40 to 49:

Sample Long Term Care Quotes for Single Individuals Aged 40 to 49

How much is long term care insurance for a 40 year old?

*Rates are monthly premiums are estimates only and are not to be considered an offer of coverage.  Rates change by health, exact age, gender (for some companies), and state of residence.

Sample Long Term Care Quotes for  Married Individuals Aged 40 to 49

Married couples generally see lower premiums. Assuming a 3-year benefit period, 90-day elimination period, and 5% compound inflation with no max, these are the sample long term care rates for married couples between ages 40 to 49:

How much is long term care insurance for a 45 year old?

*Please note that these are estimates and not considered offered coverage rates. Several factors such as your state, age, and health may impact monthly premiums.

Some Common Long-Term Care Options For 45 Year Old's Are:

• Protection against inflation
• Max amount of policy payout
• Duration of policy also called a benefit period
• The elimination period, also called the waiting period before your coverage starts

Ways to Reduce Your Long Term Care Premium for Age 40 to 49

Here are three ways to reduce your long-term care premium for ages 40, 45 to 49 that involve removing the 5% compound inflation, extending the elimination period, and reducing the benefit period.

How to lower the cost of long term care insurance for a 40 year old?

Remove the 5% Compound Inflation

An excellent way to reduce your premium is to remove the 5% compound inflation option.

The main goal of the option is to double your benefit every 15 years.

For example, if you’re 45 years old right now, and it costs $3,000 per month for long-term care in your state, it can increase to $5,000 in 9 years when you’re 49.

While your benefit does increase every year, your premium also increases.

Instead of choosing an option that compounds, choose the simple interest option. However, not all companies may offer this option.

How to lower the cost of long term care insurance for a 45 year old?

Extend the Elimination Period

Despite most quotes involving 90-day waiting periods, it is possible to extend the elimination period. Some company policies may allow you to extend the waiting period to six or 12 months.  

If you have enough funds to sustain six months to 12 months of a nursing home or assisted living costs, this is an excellent option.

For instance, if you’re 45 today, your insurance kicks in as you meet its qualifications. However, with a one-year elimination period, you must cover care costs for one year before the benefits payout.

Reduce the Benefit Period

Another great way to reduce your premiums is to reduce your benefit periods.

Most quotes will show three years, including the sample quotes in this article.

However, choosing two years will reduce the risk for the insurance company. As a result, you will also pay less.

For instance, if you’re 45 and your benefit period begins as you meet qualifications, you may receive a 15% reduction in your premium by choosing two years instead of 3.

Final Thoughts

Long-term care insurance quotes for 40, 45 to 49 years old depend primarily on several factors, such as age, health, state, and any other qualifications deemed by the insurance company.

While individuals between ages 40 to 49 are not thinking of long-term care insurance, it’s important to start while premiums are more affordable for lower age brackets.