I’ll grant you that re car insurance. I just meant that I consider LTC insurance an insurance, no more/no less. I truly hope never to need it. I also hope that it comes through for me if I do. Without doubt it eased our family through a rough few weeks as my husband slowly lost more and more ability to function. Could we have managed without it? Obviously yes. However, it allowed us some sleep at night while someone sat with my husband in another room. (We had a baby monitor set up so that we could be quietly reached if in another room.) It eased my burden and those of our children who also held full time jobs and spent as much time as possible here but still …
I am in no way promoting LTC just throwing out a good experience for consideration. We had the policy since forever. A close friend (also an agent) looked over our policy at the time and told me never to miss a payment on mine. He said they don’t come like that anymore.
Maybe we just got lucky.