Do Hybrid Long-Term Care Policies Make Sense
Hybrid contracts are life insurance policies with a long-term care rider.
The advantages include: (1) if you don’t use the long-term care money, it becomes a life insurance policy, (2) if you quit, they give you some or all of your money back, (3) it will pay for long term care expenses, and, (4) premiums will never go up.
Disadvantages include: (1) reduced money for long term care expenses, and (2) premiums may not be tax deductible.
Read the article for more information: When Hybrid Long-Term Care Insurance Makes Sense