Originally Posted by Col. Klink
It is brutal on the caregiver.
The chances of any of us ending up long-term in a nursing home in twenty years will be significantly less than it is today.
Anyway, that is what I am thinking about as I consider LTCI.
My spouse has assured me that my chances of ending up in a nursing home are practically zero...
Although you make good points, I think many buy LTC insurance for the peace-of-mind reassurance that they're covered for catastrophic events. Unfortunately the insurance companies have demonstrated that their actuarial assumptions were almost as catastrophic as the events, and that negates the value of the insurance until the insurers get it right. By then it'll be as unaffordable for everyone as earthquake insurance in California.
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