The demand for hybrid long-term care insurance policies is on the rise, as they present a more adaptable choice for consumers than traditional long-term care insurance. State Life’s Hybrid Long-Term Care Insurance Plan is one such option, providing comprehensive protection for your long-term care needs while offering additional benefits such as a shared hybrid policy for couples.

Key Features:

1. Combination of Life Insurance and Long-Term Care Coverage: State Life’s Hybrid Long-Term Care Insurance Plan combines life insurance and long-term care coverage, ensuring that your investment serves a purpose, either through long-term care benefits or as a death benefit for your beneficiaries.
2. Flexible Premium Payment Options: This hybrid policy offers a range of premium payment options, including single-pay, 5-pay, 10-pay, 20-pay and lifetime payment plans. These options provide flexibility in choosing a payment schedule that aligns with your financial situation and goals.
3. Guaranteed Death Benefit: State Life’s Hybrid Long-Term Care Insurance Plan includes a guaranteed death benefit, ensuring that if long-term care is never needed, your beneficiaries will receive a payout. If you are a couple sharing a joint policy, the death benefit is paid out second to die.
4. Return of Premium: Although not the main goal when acquiring a hybrid LTC policy, this policy features a return of premium option, allowing you to surrender the policy and receive a portion of your premiums back.

Considering State Life’s Hybrid Long-Term Care Insurance Plan for your long-term care insurance needs? Compare it to other hybrid policies with a personalized side-by-side quote from LTC Tree!

5. Inflation Protection: To ensure your policy’s benefits keep pace with the rising cost of long-term care, State Life’s Hybrid Long-Term Care Insurance Plan offers optional inflation protection riders. To cut premium costs, this product gives you the option to elect inflation on all or partial of your LTC benefits.
6. Joint Policy Option: State Life’s Hybrid Long-Term Care Insurance Plan offers a joint policy option for couples, providing long-term care coverage for both individuals with a single premium payment. This feature can lead to cost savings and simplifies the insurance process for couples.

State Life’s Hybrid Long-Term Care Insurance Plan is unique in that it is the only policy to currently offer a joint (shared) benefit plan for couples which provides cost savings for LTC benefits.

Ready to make an informed decision? Request a side-by-side quote comparison from LTC Tree to find the best hybrid long-term care insurance policy tailored to your needs!