Long-Term Care✓ Verified · outline & fact-checked · Sep 2026Difficulty 3/5
Long-term care insurance premiums are generally computed on the basis of the insured's which age?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
LTC policies are priced on an issue-age, level-premium basis: the premium is set using the applicant's age at application and remains level for life. This means buying younger locks in lower premiums. Because claims rise steeply with age, attained-age pricing would make premiums jump every year, so the level-premium design is the industry norm. AH-V.1g covers this rate-structure point under guaranteed renewability and rates.
Why the other options are wrong
- A) Attained-age repricing each year is not how standard level-premium LTC policies work.
- C) Pricing cannot wait until a claim starts; the rate is set at issue and stays level.
- D) Household age is irrelevant; only the insured's issue age drives the level premium.
Memory hook
LTC premium: what you pay at issue is what you pay forever — younger buyers win.