My company full of engineers had several LTC seminars, and being engineers we had a lot of detailed questions. One of the first things we did was compute the total premiums we would pay and compare that to the caps of the LTC insurance.


In general, they said that LTC was only a good value if you had less than $1,000,000 in assets. At that level, it was cheaper to *not* get LTC insurance, just pay the costs out of your own money.

Even at $5000-$6000 per month for an Alzheimer's unit, a million dollars lasts a long time.