Long-term-care policies: Pouring money down a hole?

The saddest lesson of recent years for the American middle class is that those who "do the right thing" are first in line to get hammered.

You devote a lifetime to a single employer, only to get laid off with a cheese-paring severance package. You finance your own retirement by religiously funding your 401(k), and Wall Street lays an egg on your head.

Here's a lesson baby boomers are just beginning to learn: You pay for long-term-care insurance for years, even decades, and then your insurance company changes the rules...

LA Times: Long-term-care policies: Pouring money down a hole?