Some people wonder, what if you pay for a policy for years and, just before you need it, the insurance company cancels it.
The answer is simple - no. Long-Term Care Insurance is guaranteed renewable. That means the insurance company can NEVER cancel the policy as long as you had paid the premium.
It is that simple. It doesn't matter how old you get. It doesn't matter what happens to your health. It doesn't matter if your spouse starts receiving benefits. The insurance company can never cancel the policy, period, unless you stop paying the premium.
That is a lot of peace-of-mind.
Oh, since you are wondering, the insurance company can't increase your premium, and not everyone in a class. Premiums are intended to remain level.