What Are The Disadvantages Of Long Term Care Insurance? 
Long Term Care has a few disadvantages . The first as the others have pointed out is the risk of the owner dying without using the coverage . The insurance company would collect premium for a number of years and never pay a claim . There are some alternatives to Long Term Care that could help with this issues such as the number of deposit products on the market . Companies like Lincoln , Equitrust and others offer plans that allow the consumer to simply deposit a lump sum of money with the carrier . They are given instant leverage on the lump sum toward LTC and a death benefit . For example 100K deposited may leverage to $ 220K for LTC and have an immediate DB of 150K . The negative is the client does not get any interest on the money but with the very low fixed rates of return on money today , that may be a better way to go . The plans come with an ROP rider so the money would be returned upon request . The other negative -LRB- That I have seen multiple examples of -RRB- is a person that buys long term care and does n't really have any assets to protect . Arguments could be made that coverage is still useful in this situation but its hard to justify paying the premium when there is no accumulation of assets for the policy to protect . The money being spent on monthly premium could be put to use in other places . Last thought is LTC should be considered when you are in your 50 's . It gets much more expensive once someone hits their 60 's . Consumers also need to understand that it is likely the premium will increase down the road when the insurance companies applies for and is given a class action rate increase approval . 