This is the Bogleheads thread I quickly mentioned at Sunday's meeting.
I found it enlightening.
https://www.bogleheads.org/forum/viewtopic.php?t=457656
My take-aways:
1) You can't really age in place, but some do try
2) Aging in place is usually a burden for some child. Be aware before
and while the effect your decisions are having
3) Long term is only discussed by one participant, who commented how
difficult it was getting any
payments from the insurance company.
Read and draw your own conclusions, but from my perspective a care
facility of some kind is in all our futures.
Regards,
Mark