This could be a good year for a relatively young, healthy man to buy long-term care insurance (LTCI).
A single man in good health might pay an average of about $1,700 per year in 2020 for new stand-alone LTCI coverage, according to the American Association of Long-Term Care Insurance (AALTCI).
That’s down sharply from $2,050 in 2019.
The average price for stand-alone LTCI coverage for women has fallen to about $2,675, from $2,700.
The average price for couples is holding steady at $3,050.