My wife and I have had LTC insurance for 12 years now, The premiums have never gone up and I hope we never have to use it. The bottom line, at least for us, is peace of mind. If we should need to go into an assisted living or Nursing home we will be able to choose the one we like and not have to consider cost. As for Medicaid paying although that's true I believe you can only have $2000 in assets and a monthly allowance of $30 per month from your SS, a friend of my wife's whose Father is in a Nursing home in Illinois gave us those figures.
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