Given that the reality of life is that we age, we get sick and we get injured, there is a real chance that at some point in your life you may need to enter a long-term care facility or receive specialized medical care in your home. This type of care does not come cheap, and depending on the level of care you may want or need, the cost may not be paid by your government health plan.
With the benefit that comes from the right type of long term care insurance, you may not have to withdraw from your savings, or fully rely on other sources of funding. An income-style policy offers the income when you require the care, without having to prove you had expenses. Don’t think about it as planning for the worst, it’s really about planning for the best.