Combination Life / Long-Term Care

Making Long-Term Care Part of Your Retirement Strategy

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Preparing for the possibility of Long-Term Care (LTC) isn’t just a health issue — it can impact your entire portfolio and retirement income. One option for protecting your retirement income against the cost of LTC services, is to consider a hybrid or combination product. Simply put, a Universal Life (UL) insurance policy with an LTC rider provides benefits that you can tap into, to reimburse for long-term care expenses.

By linking the two products, a pool of benefit dollars is made available for Long-Term Care expenses, a Death Benefit for beneficiaries, or both.