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Investing Specialists

Are Long-Term Care Insurance Hybrids All They're Cracked Up to Be?

While hybrid life/long-term care policies offer flexibility, today's purchasers could be fighting the last war.

"What about life/long-term care insurance hybrids?"

That question, or some variation of it, began hitting my inbox as I wrote about long-term care insurance earlier this summer. Readers said they liked the "multitasking" nature of these hybrid policies, as they offer either an annuity or life insurance in addition to a long-term care component. That means that the premiums wouldn't go to waste if the purchaser doesn't end up needing long-term care.