Linked Benefit Life/LTCi

“Hybrid” or “Linked-Benefit” Life Insurance policies combine the benefits of a life insurance policy with that of a traditional long-term care policy.  They are usually purchased with a single premium that buys a minimal death benefit and a much larger long-term care benefit.

People who purchase this type of insurance are most concerned with the long-term care aspect of the policy, and may be thinking:

  •  “I’m going to self-insure.  But it would be nice to leverage my money.”
  • “What if I never need care?  I don’t want to waste money on premiums.”
  • “What if I change my mind?  I want to be able to get my money back.”
  • “I don’t want any premium increases.  I am interested in guarantees.”

With Traditional LTC policies, a person ultimately faces a situation in which they either “use it or lose it.” This risk is eliminated with a Life/LTC combination policy because there is always some form of benefit available, and these benefits are guaranteed from day one in the policy.

  • If you need long-term care – benefits are paid to you.
  • If you want your money back – you can surrender the policy at any time.
  • If you pass away – death proceeds are paid to your beneficiaries.