How Good Is Long Term Care Insurance? 
How `` good '' long term care insurance is depends on a few things . Obviously if you never need to use it , it was n't any good for the purpose it was purchased . If you do need to use it at some point then it 's golden ! A big factor is how much insurance you buy and what will the cost of care be when it 's actually needed . If you buy LTC as a rider on a life policy the money paid into it may be added to the face benefit value if the LTC is not used . In that case you ca n't loose . 