I know this is a horrible situation. It has happened already to everyone who purchased LTC insurance. And now the insurance companies have convinced the govt they will go broke if they don't raise premiums. What happened is that the insurers mis-calculated the appropriate premium -- and only recently figured out that people never give up these policies (like happens with life insurance), and that in fact they are actually USING the benefits they purchased --and living longer.Most of these policies are regulated by state insurers (except the Federal plan) and I really went to the mat about three years ago with the Illinois Insurance commissioner and his team. But they have little leverage when the insurers can demonstrate they simply can't pay benefits if they don't raise premiums. It is a shock!My advice: Don't drop your coverage. And don't settle for coverage in the amount of total premiums you have already paid. That's what they hope you'll do!! Instead shorten the term to 3 or 4 years instead of lifetime. And keep some inflation coverage, but not the max. This way you'll have some coverage to buy your way into one of the better nursing homes should care be needed. Or get some care if you can stay in your home and not be forced immediatly into a state-funded Medicaid nursing home.