Yes, my financial advisor tried to sell me one when I was single. I didn’t think it was worth it. That changed when i got married. I looked at the maximum assets and income allowed for Medicaid to pay for long-term care, and it would all but wipe us out. I couldn’t risk doing that to my family.
The benefit level is whatever you want (or can afford). And the premium depends on your age and medical history when you start the policy.
So it assumes you will recover.
My uncle had a real bad stroke in early 80s much of it was his own fault and I guess my Aunts and so he went into a local nursing home for 1+1/2 years and it was a living nightmare for them both,
Their only $$$ break was that the home care was so poor that he was so sick due to their neglect that medicare paid a 2/3s of it, which they wont normally do. But making even more poor decisions he refused to document it for a lawsuit, leaving his wife to an unhappy future.
Now my aunt nurses him at home, a real bad job as she can never get a day off till he dies, and even with that all the costs of the nursing home and fixing up the house and buying equipment so he could live home has them in a bad financial situation.
He prays he dies before she gets ill. He talks about Heaven frequently and imagines meeting his long dead relatives again.