First borrow http://www.amazon.com/Long-Term-Care-How-Plan-Pay/dp/1413317510 This book could have saved me hundreds of dollars had I read it a few years ago. I would have never signed up for the inflation protection option. I cancelled the insurance after I and many others were legally taken to the cleaners by the government of a country, in cahoots with a name brand insurance company. It was in the papers, important people made harumphing noises for a while but nothing changed. Car companies make 40% profit per year but insurance companies may do better. Just like a casino, LTC companies may occasionally have to pay up but the odds are in their favor. And the contract you are really signing up for, which may be viewed in some city somewhere if you care to, probably runs at least 20 pages of legalese.