I don't think long term care insurance is worth buying, especially if you can afford to pay for assisted living and/or home care out of pocket. You can also use it for nursing home care, but most people living in nursing homes are paying nothing because they are on Medicaid. Everyone can get Medicaid when they run out of money. Another thing I don't like about long term care insurance is that the insurance company will decide if and when you need to collect benefits. I think that should be determined by a neutral party. A better way to go is to save money for long term care and shop around for the best deal and pay for it yourself. I know others will disagree.
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