Do all you folks who think LTC is a bad investment feel the same about term life insurance? That's a similar product that you may pay on and never use, but I'd still rather have it to ensure that I have provided for my family. I do have an aunt and a cousin who were both widowed at a young age, each with 2 children under the age of 4, so I've had some family experience with why life insurance is good when you have a family counting on you.

Personally, I think term life insurance is the only way to go in terms of having life insurance. I had term for about 20 years, then I figured that our portfolio would me more than sufficent to take care of the transition should I or my wife die. As for term life, you're either dead or you're not, so there's little to argue about. There's no waiting periods. There are no limitations on how long you can stay in the nursing home, and there are no limits. The premiums are dirt cheap, don't go up, and are easy to afford. LTCI is very, very different from term life insurance.