Some of you may be wondering if there is an impact. Applying for LTC insurance can be a little tricky right now as some of the carriers have put an age cap of 70 or younger for applications. This has happened because normally older applicants have a face-to-face interview which some carriers and families as well consider unsafe at this time. This will change back to the normal ages of up to 79 with most carriers after COVID-19, whenever that might be.
Kimberly Lankford, a financial journalist of 25 years and formerly a financial columnist with Kiplinger’s just put together a fabulous FAQ on this topic, so I am publishing it here so my readers can see it as well.