Hybrid Policies: Life Insurance Combined with Long-Term Care

Hybrid policies combine life insurance with long-term care coverage, providing more versatile benefits:

• Death Benefit or LTC Payout: If you need long-term care, the policy pays out for these expenses. If not, the policy functions like traditional life insurance, with a death benefit for beneficiaries.
• Locked-In Premiums: Hybrid policies typically have guaranteed premiums, unlike traditional long-term care insurance, which often has rising premiums over time.
• Reduced Risk of Non-Use: Unlike standalone long-term care insurance, hybrid policies provide value whether you need long-term care or not.