Long-term care insurance (LTCI) is usually a good idea for someone 55 to 70 who wants to avoid the potential financial hardship that can occur if a nursing home or home-care becomes necessary. The U.S. Dept. of Health and Human Services estimates nearly 70 percent of people who reach age 65 will need long-term care at some point. That statistic of course applies across the board, including in Texas. Unfortunately, less than one-third of people over age 50 have begun to plan for their potential long-term care needs.