Long term care insurance offers several advantages, including providing coverage for extended care services that are not typically covered by regular health insurance or Medicare. It can help protect your savings and assets from being depleted by long term care expenses, and it may provide peace of mind knowing that you have a plan in place for potential future care needs. On the other hand, long term care insurance can be expensive, especially if purchased later in life, and there's a possibility that you may never need the benefits, which could result in paying premiums without receiving any benefits. Additionally, policy premiums can increase over time, and there may be limitations and exclusions in the coverage. It's important to carefully consider your individual circumstances and weigh the potential benefits against the costs before deciding whether long term care insurance is right for you.