Today I was reading an article at The Motley Fool, which is an online financial publication.  It aptly pointed out that deciding to buy Long Term Care insurance is one decision and deciding when to purchase it is another.  We share concern this with our clients all the time. 

You may struggle with the question of whether or not to buy long-term care insurance. But if you decide that you want it, choosing when to buy it can be even more of a challenge.

Long-term care insurance pays out financial benefits to help you pay the expenses of nursing homes, home health care, and similar needs resulting from chronic illness or disability. Because the cost of such care is so high -- $5,000 per month or more for full-time care in a skilled nursing facility -- many financial advisors recommend insurance coverage to keep those costs from wiping out your entire life savings.

Typical Reasons to Buy Long Term Care Now.

If one is going to purchase LTC insurance, they are usually doing so in order to create peace of mind in their own lives.  “Holding out” for a better time to buy in order to save on long-term premium outlay is something to consider, but the added peace of mind over the time you have the policy can really be worth so much more.