Long term care insurance is expensive, isn't it?

Not necessarily.  Certainly, there are people with existing health concerns that would find, because of their condition, that even the most basic long term care policy would be prohibitively expensive.  Also, if you get a quote on the Cadillac of long term care policies with all the bells and whistles built-in, you might find that such a policy is rather pricey.  However, if you work with a trusted long term care insurance professional and design a long term care policy specifically for your needs, goals, and budget, you will likely find that, as long as you can qualify for the policy from a medical standpoint, you will be able to afford it.

Lastly, there are two important points to keep in mind when considering the cost of long term care insurance:  1) Always seek a quote from a competent insurance professional.  2) Keep in mind that the monthly cost of staying in a nursing home is typically larger than the annual cost of the long term care premium.  Once you realize the size of the risk that you are insuring against, the cost of the premium may seem less expensive.