If you buy a combo life/LTC policy with an immediate deposit you get inflation protection and no future increases. This is the preferred way to buy if you have the cash. And I definitely think these policies buy more than LTC; they give you peace of mind! Plus, if you don’t use the care portion of the policies, your beneficiary gets a death benefit.
I suggest you contact Brian Gordon of Murray A. Gordon Associates at 800-533-6242 (in Northwest suburbs) to get good, reliable and trusted advice on this purchase. You can use my name, or not, as I get nothing out of this recommendation but the knowledge that you will be well-treated.