Reply #7: Bad idea

[HelenWheels]

If one of you gets put into a long term care facility you would have to spend down your own money but would be able to keep your house, up to one acre of land and one car as long as you live. You're also allowed some savings but I'm not sure how much. After you die the state would sell your property to pay off the remaining bills. I don't think that's a bad deal. Your money should go for your and your spouse's care and not be saved for your kids. That's the way it works in Wisconsin. Most of the long term insurance is not worth the money. I'm 70 years old and if there is any money left after I die my kids would get it but my bills would have to be paid first.