[Baz]

What I was thinking instead --- is to take the funds you would have used for LTC insurance --- and invest them instead into construction of a living "area" for your loved ones. Either as an addition to your existing residence or the property next door.

It could even be a separate structure on your property such as a carriage house or maybe garage/shop/living quarters combo.

There's also the option to re-locate to a property that already has what is needed - because there usually are plenty around.

I realize in some situations it's better to have your loved ones in a facility run by someone else.

But in many case, being the one who cares for them, maybe with a weekly visit from housekeeping/nurse/etc., I don't think you could do better - including on the financial aspect.