I keep reading about insurance companies getting out of LTC. Most took a shot in the dark when they priced initally it and got it wrong. Too many buyers paid for several years only to find premiums became unaffordable just when they were getting close to using it.

I applied several years ago and got turned down because I wasn't seeing a physician at the time. I even had a physical at the insurance company's expense that showed everything was normal but they still would only cover me at a premium far above their advertised price. Even the agent advised against accepting that reaming.

Glad now that I didn't get the coverage. I'm better off funding my own care.