If you haven't already, read the article in the November issue of Money magazine.  Very good info and advice. 

I currently have an application pending with MetLife, who along with John Hancock and GenWorth, have never raised premiums for existing policyholders.  I debated for a long time because I probably could fund LTC if I had to.  Three things tipped the scale.  First, I would much prefer home care.  But with home care most of your regular living expenses continue, and the total can exceed a nursing home  where you have limited additional expense beyond the home's charges.  Second, I have plans for my assets after death and would prefer not to see a significant chunk used up.  Third, I just turned 62.  If I wait much longer the premium is going to be too high to afford. 

Frankly, I'd just as soon pay the premium and die suddenly without ever having used the insurance, but we never know when a stroke or accident will happen.