Hybrid LTC products offer an attractive alternative for long term care (LTC) policies as they provide features not found in traditional LTC policies. Most traditional LTC policies do not have cash value or death benefits if long term care services are never provided. Most traditional long term care policies will not contractually guarantee the premium for the life of the contract.
There are two main types of products that form the chassis for hybrid LTC...specifically designed life insurance or annuity policies with LTC riders.
There are two main types of products that form the chassis for hybrid LTC...specifically designed life insurance or annuity policies with LTC riders.
Features may include
Single Premium or Multiple Pay Premium Options
Premiums Guaranteed never to Increase
Can Add Two Lives On A Single Contract
Inflation Riders
Lifetime Benefit Riders
Cash Value
Death Benefit
A Creative Way To Use Qualified Funds In A Tax Efficient Manner To Fund LTC
Premiums Guaranteed never to Increase
Can Add Two Lives On A Single Contract
Inflation Riders
Lifetime Benefit Riders
Cash Value
Death Benefit
A Creative Way To Use Qualified Funds In A Tax Efficient Manner To Fund LTC