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AGE LIMIT FOR PURCHASING A PARTNERSHIP POLICY

Age is a very important factor when purchasing a long-term care insurance policy, because the younger you are, the less expensive your premium will be.

There is no set age requirement for someone who is interested in purchasing a Partnership policy. Typically, companies will sell a Partnership policy to someone who is between the ages of 40 and 84. There are many companies who will sell to individuals as young as 18.

Keep in mind that a Partnership policy is ideal for someone who will not be able to afford the high cost of long-term care, but who can afford the reasonable cost of long-term care insurance. The younger you are when purchasing a long-term care insurance policy, the less expensive it is. If you have accumulated resources by saving, investing, or other, you may be the best candidate for a Partnership policy.