NewDay1, I think the question of long term care insurance is a tricky one, and well worth considering... after you've got the rest of your finances and lifestyle straightened out.
In that the LTC might be worthwhile, I am in a minority on this board, where the general idea is "save enough to cover all likely expenses through your investment returns" and the usual attitude is "most insurance is usually a good deal only for the insurer". Long term care can be very expensive. It is not hard to imagine cases where care costs exceed normal living costs. So saving enough to cover your normal expenses might not be enough to cover the case of expensive long term care. My dad recently died of Alzheimer's so that gave me a concrete case to consider.
FINate's comment about "buy term life insurance" addresses a different category of insurance. Like FINate, I assume that life insurance is not relevant to your case, assuming your stash is sufficient to cover the expense of an unexpected funeral, and you've named a trustworthy family member as the beneficiary on your financial accounts so they can access the money if you get killed in a traffic accident or something.
Fwiw, I would go in the following order:
1. Say no to the financial advisor salesperson.
2. Build up prudent reserves (savings for unexpected events, eg car repairs, small medical issues, auto wreck, job loss, etc).
3. Pay debts, w/ possible exception of mortgage.
4. Invest in financial assets to get your retirement investments underway.
5. Examine, on your own schedule, the trade offs of LTC insurance vs no LTC insurance. Buy it on fair terms by itself if and only if it makes sense to you for your case.
With lots of Alzheimers in the family, and 1 through 4 complete, I am on the fence. Without such issues, I'd be in the LTC-insurance-no way-at-least-for-me camp. The company can always raise rates and they only pay out so much anyway; though on the flip side, all of the multiple examples I know personally got very good results when LTC insurance benefits were needed. You can re-examine the issue after the rest of your savings plans are in place.