Tax Advantages of Hybrid Long-Term Care Insurance

This primer assumes you have a basic understanding of how Hybrid Long-Term Care insurance plans work.  If you’re just starting out and want something more basic, start here. If you’re looking to better understand the tax implications of these policies, read on! Summary: IRS treats Hybrid policies favorably vs. self-funded investments. These policies are MECs, …

Cash Indemnity Long-Term Care Insurance Policies

Years ago, hybrid long-term care policies had not been invented. Traditional standalone LTC policies offered a rich benefit called “cash indemnity” benefits. This meant that when it came time to make a claim, your requirement for documentation of actual expenses was virtually non-existent. Over time, insurance companies became less and less interested in marketing traditional …

Best Hybrid Long Term Care Insurance Plans for 2020

Americans approaching the age of retirement have increased options for long term care coverage. “LTC” coverage can pay for your future Home Care (preferred) or Assisted Living/Nursing assistance, if needed. As traditional LTC insurance becomes more costly and harder to qualify for, Hybrid LTC products are turning out to be a preferred option for most …

Lincoln MoneyGuard III Hybrid Long Term Care Insurance

Lincoln Financial launched the next generation of their Hybrid Long Term Care Insurance product called Lincoln MoneyGuard III, launched in late 2019 and updated with new rates in June 2020. Lincoln MoneyGuard III Hybrid Long Term Care Insurance product will pay a monthly benefit for home health care, assisted living facility, adult day care or …

The Two Main Benefits To a Hybrid Plan

By now you may have heard of a new alternative to your traditional long-term care insurance plan known as a Hybrid policy. A Hybrid policy offers two main benefits to you. Long-term care benefits: In the case that you actually do require long-term care, you may utilize your policy’s death benefit to help cover both medical …

How do I Choose the Right Plan?

Choosing the best type of long term insurance plan for you can be a tall task. It is recommend you conduct thorough research and obtain quotes for several different types of policies. Familiarize yourself with the costs, benefits, and disadvantages of each. In order to make the most informed decision you’ll want to see real …

Hybrid Policies Gaining Popularity

Long-term-care insurance has become increasingly popular as more and more individuals wish to plan for their extended lives. Another type of insurance which is growing in popularity seems to be Hybrid policies as they are also being used as an estate-planning-tool. In fact, recent studies found that Americans today are most interested in hybrid policies. …

What Happens If I Never Actually Need Care?

Hybrid Long Term Care Insurance policies offer the best of both worlds as they combine traditional Long Term Care Insurance with Whole Life insurance. In the case that you require care, the policy works just as a traditional plan would, paying for your choice of either home or facility care. The difference comes into play in instances …