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The Cost of Long Term Care Insurance
Below you will find a chart that will allow you to estimate monthly premiums based on your age at the time of application for long term care insurance coverage. Premiums quoted are based on specific criteria and a preferred health rating. For a similar rate comparison customized to your situation (health, marital status, etc.), please contact LTC Connects.
Sample Client Scenarios
 |
Inflation | 5% compound* |  |
| |
Monthly Benefit | $4,500 | |
| |
Pool of Money | $164,250 | |
| |
Benefit Period | 3 years | |
| |
Deduction Period | 90/100 days** | |
 |
Discounts | Preferred health***,
spousal/partner discount |  |
 | | John Hancock | MetLife | Prudential | Allianz | Mutual of Omaha |  |
| |
Age 30 |
$75.33 |
$62.27 |
$81.41 |
$95.30 |
$83.42 |
|
| |
Age 35 |
$82.62 |
$70.43 |
$85.15 |
$95.30 |
$83.42 |
|
| |
Age 40 |
$89.91 |
$76.92 |
$89.07 |
$95.30 |
$87.18 |
|
| |
Age 45 |
$97.20 |
$84.01 |
$95.17 |
$99.32 |
$91.12 |
|
| |
Age 50 |
$106.92 |
$90.72 |
$101.69 |
$109.07 |
$101.05 |
|
| |
Age 55 |
$116.64 |
$97.97 |
$120.71 |
$112.81 |
$113.81 |
|
| |
Age 60 |
$140.94 |
$122.01 |
$143.28 |
$132.00 |
$142.65 |
|
| |
Age 65 |
$155.52 |
$138.35 |
$159.26 |
$145.21 |
$153.74 |
|
| |
Age 70 |
$243.00 |
$219.79 |
$253.19 |
$220.70 |
$268.26 |
|
| |
Age 75 |
$274.59 |
$270.03 |
$327.67 |
$238.20 |
$348.14 |
|
 |
Age 80 |
$476.28 |
$443.82 |
******* |
$383.45 |
******* |
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| * | Quotes are based on 5% compound inflation for ages 30-60, 5% simplified inflation for ages 65-70, and no inflation for ages 75-80. |
| ** | Deductible Periods vary and are based on MetLife at a 100 day deductible period and John Hancock, Prudential, Allianz and Mutual of Omaha at 90 day deductible periods. |
| *** | Mutual of Omaha, for ages 75+ years old, does not offer a “Preferred Rate” discount. |
| **** | Premiums may vary by state, and are based on a Preferred underwriting class and include a 30% couples discount based on two applicants (Partners and spouses) both applying and being approved for LTCI coverage. |
| ***** | Premiums are based on information available from the long term care insurance carriers as of January 25, 2009. Premium rates are subject to change. |
| ****** | LTC Insurance is unavailable for individuals age 80+ years of age through Mutual of Omaha and Prudential. |
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