Long term care insurance is quickly losing its shine. In the 1990s these policies were sold in large numbers and seen as the best way to preserve your style of living as you aged. Since that time, premium rate increases due to high claim volumes and low lapse rates have made the plans much less affordable. Darla Mercado for CNBC examines when these policies may be right for you and what other ways you can plan for unexpected care needs in Less is more: The dilemma over long term care insurance.
