What Is It?

The need for long-term care is more likely the older a person becomes. But this type of care is often expensive. That’s why most people look for more affordable options. One possible option is a type of life insurance that combines life insurance and long-term care coverage.

The combination policy is permanent life insurance with a provision for long-term care. It’s perfect for people who need both types of coverage. The benefit is that instead of paying for two separate policies, coverage is rolled into one policy.