I had been checking into LTC insurance for a couple of years, researching the pros and cons, and all of the various coverage options, etc. Shortly after my 50th BD, I made the decision to purchase a policy endorsed by my pension fund, from Prudential. I have $180/day with inflation protection, 90 day waiting period, home care/assisted living/nursing home coverage, 10 year coverage.
The home care will pay not only 'professional' assistance (or whatever the proper term is) but it also will pay a friend or relative who would render care.
I know the 10 year thing is longer than statistics would normally recommend, but I wanted to be sure that I had all my bases covered (as much as is possible). If I ever get to the point where I need assistance (regardless of how much or where), I had to take into account that, other than my Mom (who's 80), I have no one else around to tend to me. My nearest relatives are 700 miles away, and I don't think I could handle them being around me very much anyway.
After the initial 90 day waiting period, if I needed in-home assistance, say 2 days a week, the LTC would pay for it as 2 day...not as a week! So it would work out to 104 days out of 365. At that rate, it would pay those 104 days for 35 years. That is an extreme example that is EXTREMELY unlikely, but it illustrates the principle.
There's a lot more detail to my policy, but those listed above are the highlights of it. BTW, the cost is just over $2100 a year.
Anyway, I know I'm a lot more comfortable knowing I have this coverage in place IF I ever need it. I'd rather have it and never need it, than need it and not have it! And me being single, it's just something that I felt I needed to weigh out very carefully and thoughtfully.
(YMMV)