Any experience or information on Long Term Care Insurance? Is it worth it?

Depending on your age now it might be very costly, if you can get it.
I purchased mine 12 years ago. It is one that will pay out to beneficiaries if I do not need the Long Term Care Insurance.
Every year I choke when I write out the check for the policy. I sometimes wonder if I took that same amount and placed it in an account and did not touch it would it be enough to pay for my care? (I would have the answer if I knew my future how and when I was going to die and what my ailments would be. But that is not going to happen. So I write the check every year.)

Someone posted a while back that the policy that their mother had the company was denying payment because mom lived in a facility NOT at home. So please check any policy carefully as to what it covers, when, how.

I am your age. When when my husband and I looked into long term care insurance not long ago, and did the math, we quickly concluded we needed to have bought it when we were much younger (30s or 40s) to have it be affordable and financially beneficial. But we didn’t have that kind of spare money then.

In other words, we couldn’t afford it when we were young enough to get a good rate buying it, and now that we are close enough to the age where we will likely need it, it is far too expensive to buy.

Do some online searching and price estimates, but don’t expect it is going to be a good, affordable deal at this point.

My parents bought a policy and we never even looked at it until mother had to go into a rehab post hip replacement.

The LTC policy kicked in a grand total of $25 a day, on top of Medicare.

The policy was bought in the 60's or 70's. and maybe $25 a day was considered 'good enough' but it was not, by any means.

Mom hated the NH (she had chosen it--I told her it was a dump) and only stayed about a day--she wouldn't get out of the wheelchair and was a real PITA to all the staff.

OS swooped in, called a couple of 'better' rehabs and moved mother to a MUCH nicer one. And she handed over her AMEX card and said "Bill me the difference'. She didn't even try to use the LTC policy, it's really useless.

Having said all that--look into it--if you are over 60, it's MUCH more expensive. Our financial planner had us plan on one or both of us being 'in care' and we saved and invested to that end. LTC was simply too expensive and would not have paid out much.