With traditional long-term care insurance, if care is never needed, years and years of premiums paid into a policy will be lost!

What’s more, policyholders must pay premiums for life – even into advanced senior age. The longer people live, the more fatigued they can become with maintaining such a policy.

Need proof?

Just ask anyone with such a policy who is now in their eighties or nineties…

But there is good news!

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that helps eliminate these problems.

• • It protects against long-term care expenses while simultaneously protecting insureds from burden of lifetime premiums and the loss of premiums should care not be needed.
  • Hybrid long-term care policies function by combining an underlying life insurance policy or annuity with riders or add-on amendment(s) to cover long-term care expenses.

Lear more in this FREE Guide!  Easy direct link –  no phone number or email required and no salesperson will call:

Guide to Hybrid Long-Term Care Insurance

Key features of Hybrid Long-Term Care Insurance.

Hybrid long-term care insurance is a life insurance policy or annuity that includes a rider (or riders) which expand coverage to help pay for qualifying long-term care expenses.

• • In general, if you don’t end up using the policy for long-term care services, you won’t “lose” the money you put into it.
  • This is because the underlying policy will still carry out its primary function as either an annuity or a life insurance policy.
  • If benefits are never needed, either the death benefit of a life insurance policy or the accumulated funds of an annuity can be left to heirs (i.e. pre-tax accumulations from annuities are taxable to beneficiaries).

Insureds can live a long life with the peace of mind of having long-term care coverage, but without the anxiety of constantly paying premiums which they or their beneficiaries may never recover.

• • Many hybrid policies require a fixed, upfront premium to be paid, though some contracts may allow for ongoing contributions.
  • Internal funds grow on a tax-deferred basis and qualifying long-term care expenses are generally paid on a tax-advantaged basis (i.e. subject to state and federal rules).
  • At the time of writing, at least one insurer offers a policy that can be purchased jointly. This allows both individuals in a couple to benefit from coverage under a single policy.

If you are over age 59 1/2, you may be able to easily fund your policy with your IRA.

• • Depending on the contract, additional riders may be available to provide protection for inflation as well as other extended benefits.
  • Hybrid long-term care policies are medically underwritten, but some individuals may find it easier to qualify for certain types of these policies.

Learn more now!

Click for your FREE Guide to Hybrid Long-Term Care Insurance.

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