Just a quick update on this old thread. I know someone isn't here anymore who was pretty vocal about LTC in this thread. Her posts have been deleted but most of the stuff she said was total [Bleeeeep!] in regards to LTC not paying claims, at least in my experience.

I have POA over a family member that has a LTC policy and was recently diagnosed with dementia.
There were a few hiccups and frustrations along the way but she is now getting her care paid for...which isn't cheap.
Based on her policy, if her care cost levels were to remain the same, she'll have six years of paid care. I'm sure care costs will increase as her disease progresses, but getting her a LTC policy was one of the best moves for preserving family wealth.

Her LTC annual premium was less then one months care.....
Just food for thought as you consider family financial planning and I don't wish dementia on anyone's family members. It is a tough disease to see firsthand.
SF