I have LTC and like any insurance policy, you need to read the fine details. There are daily and lifetime limits, but for most, they will cover a significant portion of the cost. I look at it as another way to try and protect my estate.
I am in my mid-40s and don't necessarily like paying the premiums each month. But at this age, they are really cheap. Hoping to get rich on a biotechnology stock is not a good fallback plan. We all hope to get rich off this stock, but you have to be prudent.