According to the Pennsylvania Health Care Association an estimated 70% of people currently turning 65 will require long-term care in their lifetime, and they will receive care for an average of 3 years. Blended policies typically combine life insurance with long-term care coverage. This provides a dual benefit – if you need long-term care, the policy helps cover the costs, and if you don’t, it pays out as life insurance.

Blended policies can be more cost-effective than purchasing separate life insurance and long-term care policies which can lead to savings over time.  Long-term care can be extremely expensive. Without insurance, you may need to spend down your savings or sell assets to pay for care. A blended policy helps protect your assets and preserve your estate for your heirs. Unlike traditional long-term care policies, which you might pay into but never use, a blended policy ensures that either you or your beneficiaries will receive a benefit, whether it’s for long-term care or as a death benefit.

Knowing you have coverage for long-term care can provide peace of mind, both for you and your family. It can alleviate the worry about the financial burden of care in the future.