This is the very worst kind of anxiety selling. Let me tell you why. First, to buy this protection, you will have to realize a substantial tax liability. Added to other pension income it will certainly make your Social Security income subject to taxation and may put you into a higher tax bracket. MOST elderly people do not live out their lives in nursing homes.
Most nursing home stays, if they occur at all, are relatively short.
If you are deeply concerned about future incapacity, I suggest you do some current research on assisted living communities where there is a continuum of care and a guarantee of medical services. Both are published by Henry Holt books. This is a very complicated, anxiety ridden area but you aren't powerless, there is a net of care and support, and a little homework will do a lot to relieve the worry. Q. I am interested in growth stocks but don't know how to pick them or a fund that invests in them. Of those that do, most are not applied consistently.