The cost of long term care insurance can vary depending on several factors, such as your age, health condition, coverage options, and the insurance provider you choose. On average, a 55-year-old individual can expect to pay around $2,500 per year for a comprehensive long term care insurance policy. However, this price can increase significantly if you delay purchasing the insurance or if you have pre-existing health conditions. It's important to note that long term care insurance premiums are not fixed and can increase over time due to inflation or changes in the insurance market. To get an accurate estimate of the cost, it's advisable to consult with an insurance specialist who can assess your specific needs and provide you with personalized quotes from different providers. Remember, long term care insurance can provide valuable financial protection against the high costs of long term care services, so it's worth considering if you want to safeguard your future.