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[quote=Anonymous]With LTC insurance you get what you pay for.  If you pay more, you get more years, inflation protection, deals where the spouses can use each others coverage, even deals where heirs can inherit if LTC is not used.  There are all sorts of options.

Be careful about employer LTC plans - they may be good, but in our case we got more options for a little less money by going individual with the same company that provided my husband's group plan.

You get significant discounts by buying at younger ages, but think that one through carefully as the market in LTC is changing a lot and there may be different products out in 20-30 years which you might prefer.

Obviously a catastrophic illness can hit at any age, but more likely as you get older.

If you are wealthy, LTC may be unnecessary as you can "self insure".  It is really designed for mid range income/wealth people who want to protect assets (like a home and savings).

We are older parents, so part of our concern to have LTC is if we could no longer work in our sixties, our kids' college plans would not be derailed.  Our ds has some LD issues.  We certainly think he will work and earn a pretty good living, but would like to leave him something.

Remember - the best case scenario is that you never use your LTC and all the money you spent on it is wasted![/quote]

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