I have read that long-term-care insurance-rates have gone way way up because more and more people are cashing in on the benefit. People figure, "hey, I paid a lot of money, so I'm going to use it!" Years ago, people only used it if they absolutely had to. Now people are planning on using it.
In that case, the premiums are pretty much unaffordable for most people. The insurance companies know it but are raising rates to protect themselves. And many of them are getting out of the business.
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