zlacker

>>wallfl+(OP)
> they each paid about $14,000 in annual premiums for 10 years, and the daily benefit started at $200 per day.

Insurance companies have to make money, but that's not that good of a deal, and the payout isn't that high ($73k annually) considering you won't be doing much else.

>>dehrma+vy
Consider also that by the time you need a nursing home or some other form of continual skilled care you are probably going to die within that year.

"Long-Term" is sort of a scare tactic that is used to get you imagining that you're going to be needing expensive skilled care for years. That can happen, but isn't normal.