Long-term care insurance was supposed to be protection against impoverishment if people became unable to care for themselves.

It was a popular policy to have to protect retirement, lest one find oneself unable to pay for the care required to cope with diseases and infirmities of age—or even for younger people who might be felled by catastrophic injury.

But, The Wall Street Journal reports, the days when the purchase of an LTC policy brought relief are over.

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