Navigating the world of hybrid long-term care insurance can be overwhelming, especially when trying to determine which plan is the best fit for your needs. At LTC Tree, we’ve got you covered. In this article, we’ll dive into the top hybrid long-term care insurance plans, offering a comprehensive review to help you make an informed decision.

Note: we are independent agents, this list is in no particular order.  Each plan may be better for different situations!

1. OneAmerica Asset Care: OneAmerica State Life’s Asset Care stands out for its lifetime long-term care benefits, a rarity in the hybrid insurance market. This policy offers various premium payment options and the ability to fund the policy using non-qualified annuities or life insurance policies through a 1035 exchange. Additionally, Asset Care offers a joint policy for couples, providing long-term care coverage for both individuals with a single premium payment.
2. Nationwide CareMatters II: Nationwide’s CareMatters II focuses on flexibility, offering a choice of premium payment periods, ranging from single-pay to 10-pay and pay to age 65 or age 100. The policy provides long-term care coverage, a death benefit, and a return of premium option. Nationwide CareMatters II is currently the only hybrid policy that pays LTC benefits back to day 1 after meeting the elimination period requirements.
3. Securian SecureCare III: Securian’s SecureCare III policy is designed to provide comprehensive long-term care coverage with a simplified underwriting process. SecureCare III offers multiple premium payment options, a return of premium feature, and a guaranteed death benefit. The policy also allows for a cash indemnity benefit, which provides greater flexibility in how you use your long-term care benefits, without the need for itemized receipts.
4. Brighthouse SmartCare: Brighthouse SmartCare distinguishes itself with its unique “Benefit Builder” feature, which allows policyholders to increase their long-term care coverage over time. SmartCare offers multiple premium payment options and a guaranteed death benefit. This policy’s innovative design caters to individuals who anticipate their long-term care needs growing in the future. SmartCare stands out for its international long-term care coverage, offering policyholders the ability to receive benefits even when residing outside the United States.
5. Lincoln Financial MoneyGuard Fixed Advantage: Lincoln Financials’ MoneyGuard Fixed Advantage is a popular choice in the hybrid long-term care insurance market. This policy offers a guaranteed single premium payment option along with multiple premium payment options spread out over 5 and 10 years. This policy provides benefits for long-term care, a death benefit, and a return of premium option. A benefit that stands out with this policy above the others is the 0 day elimination period for home and facility care. The long-term care benefits are adjustable, allowing you to choose the duration and monthly benefits that suit your needs. Moreover, Lincoln Financial is known for its financial strength and stability, ensuring the policy’s reliability.
6. No longer available: Pacific Life PremierCare Choice: Pacific Life’s PremierCare Choice offers flexible premium options, including single-pay, 5-pay, 10-pay, 15-pay and 20-pay. This policy also provides a return of premium feature and a guaranteed death benefit for your beneficiaries. One distinctive benefit of PremierCare Choice is if you need long term care while you are paying your premiums, your policy’s full benefits are available to use as if your policy was paid in full.

The hybrid long-term care insurance market is rich with options, offering various plans designed to cater to your unique needs and preferences. By understanding the key features and benefits of these top plans, you can make a well-informed decision to secure your financial future.

Remember, LTC Tree is here to provide personalized guidance and quotes tailored to your specific needs. Requesting a side-by-side comparison of hybrid long-term care insurance plans made easy in a matter of a few minutes!