Age has no effect on the premiums charged for long-term care policies.

Question

Quizplus · Accepted Answer

Age is one of the factors that affect the premiums charged for long-term care policies. Typically, the younger a person is when they purchase the policy, the lower their premiums will be. Additionally, age may also affect whether a person can be approved for coverage and the amount of coverage they can receive. Other factors that may impact premiums include gender, health status, and the specific terms of the policy.

Age Has No Effect on the Premiums Charged for Long-Term