MAS444 said:

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i'm curious what the premiums on these policies are. Roughly. Especially the LTC + life insurance ones referenced above.

Obviously it depends on age, policy, health, etc....but just curious of data points if anyone can share.

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What Square said. Depends on your age, health, monthly LTC benefit you want and at what age you want it and for how long, inflation protection, type of death benefit, how long you want to pay premiums, etc.

I think the last one I did was for a 60yr old in average health, paying premiums for 10 years, $5,000 monthly benefit at age 80 with inflation protection and return of premium death benefit. I want to say the premium was $8,000/yr

If I understand this correctly, that's an 8/10% discount rate (based on living until 85/90) excluding inflation protection and premium death benefit.

Mas89 said:

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A family member has a long term care policy and currently has home health care 24/7. After a fall last year and a month in a rehab facility, we knew home health care supervised and paid for by family was much better than any facility. The home healthcare policy does not pay for home health care without jumping thru dozens of hoops. No way to make it work with the excellent rotation of workers we currently have.

As always, best to have plenty of funds to pay for unforeseen circumstances. So far, the long term care policy has been a complete waste of money.

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We had this same issue when my grandmother had a stroke. She had kept up the LTC policy for decades and we ended up not getting one single penny out of it. I think she paid $1500/year. Save, prepare and take fitness classes so you don't fall!