Long Term Care Life Insurance from Lincoln MoneyGuard
Last updated: November 17, 2019 at 10:13 am
If you have a need for both life insurance and long term care insurance, then a Life Insurance Policy with Long Term Care combined may be the best solution to protect you from long term care costs.
Long term care life insurance can be more cost effective than buying a permanent life insurance policy with similar death benefit and a standalone long term care insurance policy with similar monthly benefit.
Hybrid Long Term Care Policies
Often termed “Hybrid Policies”, these policies that combine long term care and life insurance allow the flexibility to use all, some, or none of your life insurance benefit to pay for long term care costs. Any portion not used for long term care costs is passed along to beneficiaries at the time of death. Traditional long term care insurance coverage is designed to cover only the need for long term care, whether the need for care arises or not. This of course means you may pay long term care insurance premiums for a benefit you may never use.
Lincoln Financial MoneyGuard
One popular hybrid product is Lincoln MoneyGuard II from Lincoln Financial Group. The long term care and life insurance specialists at ACACIA Insurance Services offer Asset Based Long Term Care Insurance policies. These experts in long term care and life insurance planning have the product knowledge and benefit design expertise to deliver comprehensive long term care insurance and life insurance solutions for your individual or corporate needs.
Click To Get Long Term Care Life Insurance Quotes. We’ll give you quotes for Lincoln MoneyGuard and other leading LTC life insurance providers.