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Ask Dave

When to Buy Long-Term Care?

You should buy long-term care insurance to take care of nursing home expenses as soon as you turn 60.

QUESTION: At what age should I buy long-term care insurance?

ANSWER: Buy it at age 60.  Don’t buy it before then or a day later.  Long-term care insurance takes care of nursing home or in-home care.  To make sure you’re taken care of and that the nursing home expenses don’t drain your nest egg, you need long-term insurance.  It is vital to have this!