Does anyone know about long term care insurance?

[LakeVermilion]

1. Depends on your age...

We purchased a policy in our 60's. It was a couple grand a year. It was a good value if we needed it then.

We are now in our 70's; an age when using the policy is more likely. The rates have skyrocketed, so we have had to limit the coverage to keep the policy in force.

I imagine that we will be forced to drop the policy in our 80's. A long term care policy is probably useful if an unexpected event occurs, but as you get older and health statistics work against you, your rates will be very high.

There is no free lunch.