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Just some guidance we got from our financial planner...protect your assets.
Consider a Long term health care insurance policy and a life insurance policy greater than 2 years of your annual income.

Unless you are very rich and can afford to pay out of pocket or you are in the opposite position where you have no assets and you must depend on government assistance.

Believe me nursing facility conditions vary, the nice ones feel like a cruise ship.
The cheap nursing facilities can be very sad and disgusting.

Long term health insurance policies provide piece of mind and protect your assets.
Several years ago you could get longer policies but now they don't like to write coverage for more than a couple of years.
My wife and I each have 10 year long term coverage.

Thank god both my mother and mother in law listened when I suggested a long term health insurance.
Not long after I retired at age 50 my mother in law was diagnosed with Alzheimer's.
We are 8 years into Alzheimer's with my mil and knowing she is covered indefinitely at a top facility close to our home is a relief.
(thank you John Hancock for $90k a year)

Without insurance we would have wiped out her assets (my wife's inheritance) and worse she would of ended up in lesser quality state paid nursing facility.
It helps that the annual long term insurance fees ($5k a year or more) are normally waived once the person starts to use the coverage.

Without her long term insurance I would of been back to work to help cover costs...

That along with a small life insurance policy in case the bread winner of the family sudden passes away to cover your income for a few years will also help your family and protect your assets.

Retirement is something I started saving for in my 20s.