In order to have a better understanding of this subject, we need to understand how "insurance" works in real life: Insurance is not an investment - it is purchased (with rare exceptions) to share the risk with a pool of people rather than assuming the entire risk upon ourselves.
We need to consider three main subjects to make a decision whether to get a Long Term Care Insurance:
So the subject is not whether the Long Term Care is a good investment or not, in reality Long Term Care insurance has almost become a need for protection similar to our car insurance, home insurance and most importantly similar to our health insurance.