While we might have enough income to support 3-4 years of LTC, we don't have enough to also support the non-LTC spouse. This will likely be the reason why we get LTCI. When there is only one of us left, the LTCI policy will be evaluated and depending on assets available, income and health, it will be kept or dropped. We do have LTC policies, and it was mostly for this reason. Although we could probably afford to pay for the long-term care of one of us, that would likely leave the other one destitute and unable to provide for their own lifetime expenses. In that case, I prefer to have some insurance to cover us.Once there is only one of us left, we may opt to drop the LTC because we will have enough assets to self-insure, but I'd prefer to reach that point first.This is a lot like other insurances in my mind where you pay a premium and hope never to use it. I have homeowner's insurance, but would prefer not to have the house burn down just so I can use it. I have term life insurance which we plan to cancel about the time we retire in a few years because we will no longer need to cover missing income at that point, and we will have reached the point at which we are supporting ourselves from our own savings.LTC is the same to me, and so I'd rather have it in case I need it rather than need it and not have it. I realize others have different preferences, but this is mine.
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