Why Should I Not Buy Long Term Care Insurance? 
You should not buy long term care insurance if your income or assets are not high enough to justify the cost . If you are renting a home , own no other property , have very little in savings and no investments , it would not take a very long nursing home stay to deplete your assets to the level where you can start going on Medicaid . Rather than sacrifice quality of life to pay long term care insurance premiums , it would be better to not buy long term insurance , in my opinion . 