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When Hybrid LTC Makes Sense

Who should buy or at least consider "hybrid" LTC insurance?

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  • ​CASH BENEFITS:  If you need/want the ultimate flexibility and simplicity of "cash benefit" LTC insurance claim payments.​
    • ​(Only available on select Hybrid LTC plans.)
  • ​​INSURABILITY ISSUES:  If you have complicated medical/health conditions or history, especially if you have been told you would not qualify for "traditional" LTC insurance.
  • "PAID-UP" COVERAGE:  To create a "one-and-done", "pay-it-and-forget-it", single-premium funding strategy.  There are also options from 5-pay to 15-pay periods depending on age of purchase.
    • (Note that there is a Traditional LTC insurance plan available with a guaranteed single-premium, and two T-LTCI options with premiums guaranteed to be paid-up after 10 years.)​
  • GUARANTEED PREMIUMS:  This could be with a single-premium, 10-pay, or life-pay premiums.
    • ​(Significantly higher premiums than equal-benefit "Traditional" LTCI.)
  • CASH VALUE TO EXCHANGE:  If you have cash value in older life insurance policies to re-position - with a "tax-free exchange" - into a new life plus LTC insurance hybrid plan.
  • ANNUITY RE-PURPOSE:  Cash value in older annuities to re-position - with a "tax-free exchange" - into a new LTC annuity hybrid that can pay out all of the annuity proceeds - including any interest/investment "gain" - tax-free when used for qualified long-term care expenses.​
  • PARTIALLY SELF-INSURE:  When a longer self-insured "waiting period" (e.g., 3-years) and an unlimited/lifetime benefit as a financial "stop-loss" is desired.
    • ​(Note that there IS an unlimited/lifetime benefit period available on a Traditional LTCI plan too.)​

If you think hybrid LTC insurance may be right for you, or you want to discuss all your options with a truly independent LTC specialist we're here ready to help you plan!

Questions? Need A Quote? Contact Us!

Bonus Article:

Using Qualified Funds
to Buy LTC Insurance

It's NOT income tax-free,
​but it still might be a great idea!

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Contact us for a sales-free initial consultation!
REQUEST A QUOTE
Updated 6/9/2020
Comfort Long Term Care is an independent insurance brokerage agency specializing exclusively in LTC insurance.  Agency owner, Bill Comfort, is celebrating 30-years of experience in 2021!  We are based in the Raleigh, Durham, Chapel Hill, North Carolina Triangle region, but we serve clients throughout NC and across the country.  We also have an office in St. Louis, Missouri.  Click here to learn more about us!
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  • TakeCare!
    • LTC Awareness
    • Hybrid LTC Insurance Info
    • Partnership LTC Insurance
    • Tax Guide
    • Claims
    • Glossary
  • LTC Rate Increases
  • News
  • About
    • Bill Comfort
    • TakeCare! Specialists
    • Companies
    • Rinny
  • Contact