the younger you are when you start, the lower the premiums are. I am pretty sure we would not have been able to afford it at all if we waited until we hit 60. Plus, my uncle needed to go into a nursing home at 55 for a neurological disorder and spent most of the rest of his life there. Those things I need to take care of in case and if not, we do get the premiums returned to us(or our beneficiaries) if we die without using the policy. Or we might have to plan what my bil plans for my sister…an accident by the pool :)!