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Long term care is not necessarily long term. You may be laid up for only
a short time while recovering from an accident,
surgery, or illness. Of those receiving care
today 40% are under 65 (actor Christopher Reeve was 42).
But what if you're not going to recover soon and need care
for 6 months or a year or two or five, how are
you going to pay?
If you cannot afford LTC insurance how are you going to be able to afford
to pay for care at $6,000/month?
Why should you plan?
Because, at least 70 percent of people
over age 65 will require some long-term care
services at some point in their lives. And,
contrary to what many people believe, Medicare
and private health insurance programs do not
pay for the majority of long-term care services
that most people need.
– from U.S. Department of Health and Human Services
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Annuities with and without underwriting available in most states.