Long-Term Care Insurance Denial Rates: 45% for Ages 70+

Waiting until age 76 to buy long-term care insurance after a stroke results in outright denial, as insurers will not provide coverage at any price. Denial rates rise from 14% for applicants in their 50s to 45% for those in their 70s, with a reported 54% denial rate for individuals aged 75 or older. Suze Orman advises purchasing at age 58 to avoid high premiums, which increase significantly after 60. This information highlights the importance of early planning for health-related insurance needs, affecting financial security for investors considering long-term care products.