(215) 328-9990

Long Term Care (LTC) / Life Insurance Combination

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.

Home + Auto

Life + Income



How It Works

The policyholder can withdraw funds from the life insurance portion of the policy to pay for long-term care. When funds are no longer available, the insurer pays for care. It’s possible that the policyholder might die without ever needing long-term care. If that occurs, then the beneficiary receives the full death benefit.

It’s generally necessary to buy a hybrid policy before buying a traditional life insurance policy. You probably won’t be able to add a long-term care rider to a traditional life insurance policy.

Other Policies

Secure the BEST

Long Term Care (LTC) / Life Insurance Combination

coverage now!