Long term care insurance can vary in cost depending on several factors. These factors include the individual's age, health status, the amount of coverage desired, and the specific policy features. According to the American Association for Long-Term Care Insurance, the average annual premium for a 55-year-old individual is around $2,050. However, premiums can range from a few hundred dollars to several thousand dollars per year. It's important to note that the cost of long term care insurance has been increasing over the years, so it's advisable to compare quotes from different insurance providers to find the best coverage at a competitive price. Additionally, some individuals may be eligible for discounts or special rates based on their health or membership in certain organizations. It's recommended to consult with an insurance agent or financial advisor to get personalized information and quotes based on your specific circumstances. Keep in mind that this information is based on current data and may be subject to change.