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Murph, you got a great deal. No wonder insurance companies increased premiums and stopped writing LTC policies.

This is a perfect example of one of Ray's earlier points. Since insurance companies can increase premiums at will, there is no guarantee that your great deal will continue to be a great deal. I suspect a lot of LTC policies were priced optimistically. Then as folks age and start to use those policies, companies discover this and have to raise premiums as needed to cover their costs.

Up 'til now medical science has been getting better at keeping people alive but not necessarily healthy, which means even longer stints in continuing care facilities. Fortunately, it looks likes we may be getting a handle on increasing health span; much exciting stuff going on right now. (OT: Google up "nicotinamide riboside".)
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