LTC couple options when one spouse can only qualify for limited coverage

Hi,

I've been working on the scenario described at https://www.reddit.com/r/LifeInsurance/comments/1i8m5jd/whole_life_policy_with_long_term_care_rider/ with an insurance agent for the past few months. My wife's health is excellent and the One America underwriter is ready to qualify her for lifetime coverage, but for the pair of us they will only cover six years of combined Long Term Care because my medical history isn't as good as my robust current health.

The value of that product now seems questionable, and I'm wondering whether it makes more sense just to self-insure for these scenarios, since the maximum value of the policy would only be about 220% of its purchase price, and having reimbursement LTC coverage would add a lot of paperwork and restrict our ability to pay e.g. cheaper unlicensed aides.

[ I'm simplifying a bit because there's a 2% lifetime inflation rider on the policy, as written ]

I'm wondering if there's another product out there which makes more sense for us, especially if there's an indemnity product. We don't know how a hypothetical alternate underwriter such as Nationwide will treat my medical history, but let's assume that it's similar or worse than One America.

For example, a product where my LTC would be capped at four years but my wife's LTC would be uncapped, could be attractive.

TIA for your suggestions regarding how to proceed.

submitted by /u/jaealbq
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