Is Long Term Health Insurance Worth It? 
Long Term Care -LRB- LTC -RRB- insurance is an indemnity policy . That means that if certain conditions are met the insurance company will make you `` whole '' as defined in the contract . If you never meet the conditions described in the contract then no payments are made . If you do meet the conditions the company is obliged to pay to the limits of the policy which could be a multiple of premiums paid . 