PFP2202. Managing Long Term Care Risk with Hybrid Long-Term Insurance Contracts

To submit a question or participate in polling, click the link above. A Long-term care insurance contract is an important risk management tool in the personal financial planning process. The contract provides benefits in the event of a future need for a nursing home, assisted living facility, or home health care. Hybrid long-term care insurance, which is also known as asset-based long-term care insurance, consists of a life insurance or annuity contract, with long-term care benefits as part of the contract.

Learning Objectives:

• Evaluate the benefits of a hybrid long-term care insurance contract
• Recognize a long-term care event as part of a personal financial plan
• Assess the applicability of long-term care insurance as a personal financial planning recommendation