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No. of Recommendations: 2
Wradical writes,

My parents both had LTC insurance and for them it worked out very well. They both got benefits many times more than they paid in. Genworth took a big hit because of people like them. My mother was in a nursing home for 3 years; Dad was in for 9 years. You can’t buy the policy they had any more.
But there was no problem as far as their claims being approved.


The bolded part is the key point. Anyone using your parents' experience with LTC insurance as a model for today's policies is likely setting themselves up for a bruising.

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