A hybrid life/long-term insurance policy includes built-in long-term care benefits. If you become chronically ill, your policy would provide a benefit to help cover your care expenses. Hybrid policies offer guaranteed premiums and additional benefits, including a return of premium option and a death benefit.
Life insurance with an accelerated death benefit or chronic illness rider
A life insurance policy with an accelerated death benefit or chronic illness rider allows you to access your death benefit if you become chronically ill, helping to shield your assets and loved ones from the financial impact of a chronic illness.
If you would like to learn more about the benefits of an asset care policy, reach out to us here.