Hi Oldsis,

There was a cogent article in Money magazine (I know some people look down their noses at this magazine, but occasionally it does have some useful material) in the August 1999 issue, page 52. The title was: "Stocks vs. Insurance - Why a long term-care policy may not make sense."

The article written by Henry Weil covered many of the basics about long term care, but I found the following quotes from that article to be the most interesting:

"If your assets approach $1 million, you can afford nursing-home care with plenty left over for a spouse to live on. If your assets are closer to $100,000, you probably can't afford the premiums, in which case a nursing home could cost everything you've got. But once you are broke, Medicaid will pick up all subsequent costs. … It seems to me that long-term care might make sense if your assets are in the middle six figures."

If these quotes interest you, a trip to the library may be in order to read the complete article.

Hope this helps, Alan