Hybrid LTC Plans

One of the main reasons people don’t buy long-term care insurance is they think, ‘What if I pay for all this insurance and never use it?”

Hybrid blended policies are becoming more popular. These policies may be a combination of life insurance or an annuity with long term care benefits as well. Combining the care with an annuity or life insurance policy¬†costs more, but there is a payoff either way. If you go into a nursing home, you collect. If you don’t need that care, there’s still cash for your heirs.