So much mis-information. Don’t rely on your friends and neighbors for your financial advice. Find a professional. Some of you will accept information from the un-informed as gospel because your afraid to talk to a professional who might “sell you something”.
Odds of death 100%, odds of Long Term Care needs 70%. If you can afford it do both, if you can’t get the life insurance. If you are counting on the govt to fund your long term care, just go visit a nursing home that accepts medicaid clients and see if that is how you wish to spend your final days after you spent every dime you had paying privatly before medicaid would pay.
Medicare will only pay up to 100 days. Partnership programs are available in many states if your state has it, again, ask a professional who knows, not your brother-in-law.
Time to take responsibilty for yourself, do your research, don’t be afraid to learn. Lot more I could say . . .