Long Term Care Insurance As An Investment?
Yes, because of the almost certainty of needing some long term care in your life.

This scenario is based on an annual investment of $2,025 and an annual long term care insurance premium of $2,025 with a 4-year plan (1460 days) and a 5% compound benefit increase, assuming the premium stays the same every year.
John Hancock, Genworth, MetLife, Allianz and many other companies have never raised premiums on existing policy holders. 

$150x1460= $219,000 is the initial "pot of insurance money" available for care. If you needed care on day 1 of your policy you would have $219,000 available. If you needed care in year 10 you would have $339,741 in long term care insurance money available & if you need care in the 20th year, you will have $553,402.

In 10 years you would have paid in the same for insurance as investing: $20,250. But even at 12.5% (tax-free)return, an investment account would only have $36,407 in the 10th year and $154,631 in the 20th year.  This chart represents national Averages for care.  In New York, the cost is much higher, averaging over $100,000 per year in NYC, Long Island and the Hudson Valley. 

Since the odds of needing Long Term Care after the age of 65 exceeds 68%, self-insuring or investing the premiums could have very serious consequences.