No. of Recommendations: 3
Even at $9000/mo, a million dollars will last for 111 months -- 9+ years.

What about the surviving spouse?

My step-mother's first husband died from Alzheimer's, and was in a nursing home for a ridiculous amount of time that I know was over 10 years. She ended up selling the house to pay for his care, and after he died, she had no savings and a very small social security check to cover her own living expenses.

My concerns are much more around how the surviving spouse would pay for their own living expenses if they've used everything that has been saved over the years to pay for the first spouse, and for that concern, I am willing to have LTC insurance.

If it is just one of us left, then I have no problems dropping the insurance and using all our assets for that one spouse to have full nursing home care, but I will not leave one destitute so that we can fund the nursing home care of the other.
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