LTC is risky, as others have pointed out.

My company offers one that claims to be reliable (owned by an insurance company that's been around for over 100 years, albeit not in the LTC space).

The one thing I didn't like about them: They don't adjust for inflation. So if you sign up for a $100K plan, you'll get $100K - which will worth a lot less by the time I need it.

Isn’t that adjusting for inflation and not for cost of living?