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Thanks for the help, Pixy! One more thought:

azholmes: For my calculations I will assume that I WILL need long term care in the future...

Pixy: If that's the case, and if you expect to stay there for longer than a year, then by all means get coverage. You can easily use up ten years' of premiums in a year at a nursing home.

Is it really that simple? I thought I read that there is a good (~30%+) chance of needing it in a persons lifetime (I also saw the debate over the statistics... and don't care to get involved). Maybe it becomes an issue of when it will be needed (I am 38, and don't guess I will need it for some time yet).

Thanks for the help,
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