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But my preference is to have some choices around my own care, and for that, I would prefer to be paying for it myself, and so have an insurance policy to help.

I thought LTC was much more expensive than what you are paying. I will definitely ask my husband to look into it. My MIL had it for years but I thought she was paying $1,000 a month at the time. Possibly I was wrong. Hubby's life insurance policy will not be affordable after he reaches the age of 70 so maybe we will just look into LTC insurance.
In order to get Medicaid to pay for the cost of a nursing home you have to get rid of all your assets years in advance and your income cannot exceed roughly $2,000 a month either.
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