Question

Is a hybrid life insurance policy with a long-term care rider better than a traditional long-term care policy?

Answer

There is no universal answer. A hybrid policy eliminates the “use it or lose it” issue common with traditional long-term care policies, and it offers more premium payment flexibility and the potential to build cash value. However, it may reduce the death benefit available to beneficiaries, and coverage limits may differ from stand-alone long-term care policies. The right choice depends on your age, health, financial goals, and overall wealth plan.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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