The average monthly premium for long term care insurance can vary depending on several factors, including the age of the insured, the amount of coverage, and the insurance company. However, according to a study conducted by the American Association for Long-Term Care Insurance, the average monthly premium for a 55-year-old individual purchasing a new long term care insurance policy in 2020 was $2,050. It's important to note that this is just an average, and premiums can be higher or lower based on individual circumstances and choices. Factors such as the policy's elimination period, benefit period, and inflation protection can also affect the premium. It's recommended to shop around and compare quotes from different insurance providers to find the best coverage and premium that suits your needs and budget.