I’m surprised at how difficult it is to find balanced information about LTCI, so thank you for writing this. Unsurprisingly, most of the material I have found is written by people who profit from selling LTCI.

We can agree that the cost of long-term care is high and poses risk to retirement. It is less obvious - dubious, in fact - that most LTCI policies address that risk. And when Prescott Cole, who you quote, says that LTCI is expensive, he is referring to its efficiency I’m sure -that more money goes to administration and profit instead of benefits, compared to other types of insurance.

I would like to see (and may have to create myself, I suspect) some use cases where people with varying levels of health and wealth fall on the probability curves and how each fares with self-insurance or some of the available policies.

If a dispassionate study like this exists on the web, I haven’t seen it.

Thanks again,