life insurance policies Combo are becoming more popular every year. There are some great benefits that you can take advantage of a combo life insurance policy, particularly if you want to combine with the long-term care (LTC) coverage. It is useful to consider and here's why:
coverage more affordable long-term care. A life insurance policy with a rider of long-term care is the ideal solution for those who find the LTC policies too expensive standalone.
More people can qualify. The underwriting standards are a little more relaxed on a combo policy, which means more people with health problems may qualify. You will need to do some comparison shopping that some insurers may put a limit on age.
Double cover, one policy. You get the best of both - death benefits to your beneficiary and LTC (if needed). Terms and conditions apply so read the fine print carefully.
More control. You can set a fixed amount or a percentage of the long-term care policy, and leave the rest to death benefits.
You get coverage for life. And of course, because it is a life insurance policy, your policy will remain in effect until the policyholder dies, as long as premiums are paid.
Tax Benefit. The cash value that accumulates on your combo-life policy is completely tax-free and so are death benefit to your beneficiary will receive.
Remember to check the financial stability of a company and the terms and exclusions listed in the policy - before you buy. Why not request a free quote now and see how affordable a combo life insurance policy can actually be for you?
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