Of course, the big question mark on the horizon is what will premiums for a given level of coverage do over the next 20-30 years....will they climb until those future 80 year olds can no longer afford the premiums? This is just the thing that would keep me awake at night. To buy an insurance policy that I have to pay premiums for the next 20-30 years, but the premiums can be increased by the company at any time and by any amount. ::shudder::Heck, at least with an ARM mortgage you have limits and caps.Google came up several links that don't give me a warm, fuzzy feeling."In 2002, ..purchased a long-term-care insurance policy ... with an annual cost of $3,305. The policyholders say they had thought their premiums would never change. In a letter dated July 17, 2010, the insurance company told couple that as of Sept. 24, their annual premium would jump to $4,868—a 47% increase."