LTC premiums vary by age, gender, and type of plan and insurer selected. And since there is a 70% chance, that once you turn 65, you will need some type of long term care services. It's best to start comparing rates sooner than later.
The average cost of a long term care insurance policy for a single 55-year-old man is around $950 per year on average in 2021 for a $165,000 coverage benefit, whereas a single 55-year-old woman will pay $1,500 per year.
Check out our average long term care insurance rates by state below:
Average Long Term Care Insurance Rates By State
STATE | AVERAGE ANNUAL PREMIUM | STATE | AVERAGE ANNUAL PREMIUM |
|---|---|---|---|
| $1,380 | $1,968 | ||
$2,532 | $1,884 | ||
| $1,644 | $2,016 | ||
$1,740 | $2,832 | ||
$2,256 | $3,036 | ||
$1,932 | $2,112 | ||
$3,036 | $3,456 | ||
| $2,832 | $2,160 | ||
$2,220 | $2,124 | ||
$2,352 | $2,364 | ||
$2,028 | $2,040 | ||
$2,688 | $2,292 | ||
$2,052 | $2,496 | ||
$2,820 | $2,700 | ||
$2,436 | $1,896 | ||
$2,112 | $1,764 | ||
| $2,004 | $1,824 | ||
| $1,896 | $1,920 | ||
$2,064 | $1,992 | ||
$2,352 | $2,508 | ||
$3,228 | $2,676 | ||
$3,432 | $2,436 | ||
| $2,712 | $2,208 | ||
$2,532 | $1,944 | ||
$2,100 | $1,932 | ||
| $1,956 | |