Earlier purchases of LTC insurance are a good idea, experts say

Long-term-care insurance tends to be cheaper and have a lower rejection rate for people in their 40s than for older people, experts say. The rejection rate is 14% for people under 50, while it reaches 45% for people in their 70s, says Jesse Slome of the American Association for Long-Term Care Insurance. A policy would cost 40% less for a 40-year-old than for someone starting a policy at age 55, John Hancock says. Reuters (11/3)