It was a good deal in 2000 - $1272/yr. for unlimited duration, $6,000/month facility payment increasing at 5% a year. With the simple 5% increase this is now 125% of 6000, or over $13,000/month.
I am 73 years old. If I were disabled tomorrow after the 90 day waiting period this policy would pay over $13,000/month for the rest of my life. I guess I'd have a private room

The problem is that the $1272/year premium is a thing of the past. Here is the history of cost increases:
2000 (start) - $1,272/year
Feb 2014 - $2,232/year
Feb 2021 - $3,732/year
Feb 2025 (pending) - ~$6000/year
Projected - who knows, but at this rate could easily reach $10,000/yr and highter
I am in good health. I'd be surprised if I ever needed long term care, but who knows? I could have a stroke later today and need care for the next 20 years, right? Or, I could remain in good health and die while jogging at 95.
In any event, this policy has become expensive, and I don't know if I should continue with it. The way I look at this is, if I were offered the policy today at $6,000/year, would I buy it? I'm not sure I would. The initial appeal back in 2000 was that it was so cheap it was a no-brainer. I didn't give it much thought then.
Note that $6,000/year is not a budget breaker for me - not even close. I can afford it.
How should I go about making this decision? Please help me.