The Problem with Hybrid Life and Long-Term Care Insurance

Elizabeth O'Brien is a senior writer at Money

Two-for-one deals are great when you’re buying toothpaste or toilet paper. Long-term care insurance? Not so much. Hybrid policies that combine life and some long-term care coverage have been growing in popularity for years. In 2019, they outsold traditional long-term care policies nearly five to one. They’re a fine product for some consumers. It’s just, they’re not a bargain — though their bundled nature might make it feel like you're getting more for your money. As today’s featured story reports, a hybrid policy would cost nearly three times as much as a traditional policy with comparable long-term care benefits bought separately. Selecting a policy is a matter of weighing your priorities. Learn more about hybrid policies in today’s edition.

Best wishes,

Elizabeth

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RETIREMENT NEWS FROM AROUND THE WEB

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Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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The Problem with Hybrid Life and Long-Term Care Insurance

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