Are premiums for a long-term care insurance policy expensive?
The cost for long-term care insurance varies by the age, marital and health status of the applicant, as well as the level of coverage purchased and even the state of residence, according to Jesse Slome, reporting to the American Association for Long-Term Care Insurance. Long-term care insurance protection for a typical 55-year-old in good health costs $772-per-year, according to the 2006 Long-Term Insurance Price Index. Source: American Association for Long-Term Care Insurance, www.aaltci.
