LIFE INSURANCE WITH LONG TERM CARE INSURANCE
Life insurance with LTC, aka Hybrids are permanent life insurance that allows you to access the death benefit to pay for qualified long term care expenses. There are many different forms of this insurance from single premium to any variety of multi-pay solutions to suit your personal situation. Additionally, many have riders that add additional coverage and the most desirable feature is allowing clients to get all or a portion of your money back in the event you never need long term care or just want your money back.
There are several tax benefits to all of these products including exchanging cash value from other life insurance policies to fund them. These products are not suitable for everyone and that is why it is very important to speak with a long term care specialist to see which product is best for you.
There are several tax benefits to all of these products including exchanging cash value from other life insurance policies to fund them. These products are not suitable for everyone and that is why it is very important to speak with a long term care specialist to see which product is best for you.
