If you are younger, sure you could save a lot of your money to pay for this care years later, but if you are getting older now, you couldn't save that much money (I don't think unless you are wealthy now). My policy is my ace in the hole so I can be at my house with help rather than be in a subgrade nursing home because I didn't have thousands of dollars for an upgrade nursing home. My policy will pay for a nurse to be at my house and household help if I need both at the same time.
We are in our 60’s and have had relatives that have lingered in nursing home for year’s before death. The cost of that has stunned us so that is why we are pursuing the LTC insurance.
Trying to look at all options so that our loved ones remaining will not be burdened by the debt.