With guarantees that promise your money back, hybrid long-term care plans are growing in popularity. Hybrid plans, sometimes referred to as “linked benefits”, combine rich long-term care benefits, with modest life insurance coverage. The plan will refund the difference between the death benefit and your long-term care costs.
Once you have decided that you want to use some type of insurance to protect against the costs and other consequences that long-term care can reap on your family, you are halfway there. The next step is figuring out what to purchase.