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Hybrid Long-Term Care Insurance in Morehead City, NC

At Good Life Financial Advisors of Morehead City, NC, our mission is to help you work toward financial freedom with strategic planning solutions, like hybrid long-term care insurance.

Proactive guidance is paramount when working toward financial goals that serve your best interest. And while there are many benefits of hybrid long-term care insurance, knowing exactly what long-term hybrid care insurance entails is essential in deciding whether it is right for you. Here’s what you need to know.

What Is a Hybrid Long-Term Care Insurance Plan?

Hybrid long-term care insurance is designed to provide your loved ones with a partial or full death benefit. Generally, this benefit comes tax-free and helps pay for care costs, thus lessening the financial burden on your friends and family. Additionally, this death benefit can help protect assets you hope to pass on to future generations. 

Am I a Good Candidate for Hybrid Long-Term Care Insurance?

Generally, the most cost-effective time to invest in hybrid long-term care insurance is between 50 and 65 years old. This is because most long-term care insurance claims begin once people reach their 80s. Remember that the younger you are, the lower your monthly premium will be. On the other hand, you also don’t want to purchase a policy too early, as you will pay premiums for longer.

When purchasing a hybrid long-term care insurance policy, you also want to consider your general health. If you have ongoing health issues, it is sometimes wise to invest early to avoid worsening conditions that may render you “uninsurable.” However, if you are generally healthy, 50 years old is a good time to consider this coverage.

How Can Hybrid Long-Term Care Insurance Benefit Me?

One of the most significant reasons to consider hybrid long-term care insurance is that it can help protect your assets from being depleted by the high costs of long-term care. Additionally, this type of policy can also help you leave a legacy for your loved ones. If you never need to use the policy benefits for long-term care services, the death remuneration is paid to your beneficiaries. Finally, hybrid long-term care insurance can help ease your mind knowing that you’re prepared for the future and won’t be a burden to your family if you need long-term care. This peace is priceless and can enable you to enjoy your retirement with less worry and stress.

Schedule Your Complimentary Discovery Call

We hope you enjoyed learning about the benefits of hybrid long-term care insurance. If you believe you are a good candidate or have questions, our team is here to help! At Good Life Financial Advisors of Morehead City, we believe in empowering our clients with education and resources so that they can feel confident about their financial future.

To learn more about hybrid long-term care insurance, contact us today to schedule a complimentary Discovery Call. This meeting is a no-obligation consultation to discuss your current life circumstances, financial situation, and long-term goals. It is also an opportunity for you to learn more about us and determine whether you feel comfortable moving forward with our team of financial professionals.

If you’re ready to discover the Good Life, contact us today to schedule your free consultation. We hope to help you soon!

The opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual.