Secure Future Financial Protection Embrace Long Term Hybrid Policy
The Benefits of Long-Term Hybrid Policies
One of the primary benefits of a long-term hybrid policy is the financial protection it offers against the rising costs of long-term care. According to the U.S. Department of Health and Human Services, about 70% of people turning age 65 will need some type of long-term care services in their lifetime1. With the average annual cost of a private room in a nursing home exceeding $100,0002, having a policy that covers these expenses can significantly reduce financial strain on you and your family.
Additionally, hybrid policies often offer flexible payment options. You can choose to pay premiums over a set period or opt for a single lump-sum payment. This flexibility allows you to tailor the policy to fit your financial situation, ensuring that you can maintain coverage without undue financial burden.