I'm about to get a big chunk of cash...

[Pobeka]

26. Occasionally a reasonable long term care policy comes along.

Most are a rip-off, where the premiums are not set in the contract and they can raise the premiums at will and you are forced to pay the premium or cancel the contract losing all the money you had already invested in it.

We found one a couple of years ago through a broker that is actually a life insurance policy with a long term care rider. It was a one time payment, with an additional rider that we pay for 7 years that allows the payments for LTC to be made indefinitely, should we need them.

If we never use the LTC, the life insurance part at least grows a few percent a year, and becomes inheritance for our children.

But it was taken off the market a few months after we purchased it. The broker said that is typically how it works -- a good one will appear for a while, and then it'll be gone.