01.Core Concepts

Some life insurance and deferred annuity policies (also known as hybrid policies) include coverage for certain LTC expenses LTC coverage is added to these policies in several different ways, including: Adding a long-term care rider Through an accelerated death benefits provision Allowing the policyholder to withdraw part of the current cash value to cover LTC expenses Providing a fixed amount of coverage after the annuity value is spent on LTC expenses Through an alternative plan of care provision ‹#›