If you have assets you want to protect then this is something you should have.  The estimated cost of a facility is $7000/month.  Long Term Care has changed a lot over the years and most all policies now include in-home health care as well as in a facility.  There are numerous different options to pick from ranging from the amount per day you want to elect to the number of years you want it to cover.  There are also numerous different elimination periods of 0, 30, 60, or 90 days which can all affect the price you pay for your premium.  Some policies will do a return of premium rider, a life or long-term care policy so if you don’t need the long-term care you still get the benefit amount at your death as life insurance.