Another group that may not need LTC insurance is the very wealthy. There are many angles to LTC insurance. If your house burns or if you wreck your car, it's obvious you are entitled to file a claim. Who needs long term care is not so obvious. What conditions must be met to collect benefits under LTC insurance varies significantly from policy to policy.
Insurance policies are legal contracts.
Read them carefully. The older you are, the more likely you will need long-term care. Therefore, the older you are the more expensive the policy. But if you buy when you are younger and rates are lower, you must consider the effect of inflation. This was much higher than the Consumer Price Index.