Life insurance and annuity-based long-term care solutions are called hybrid products. These products have contract provisions that allow withdrawals to pay for long-term care expenses. They are also referred to as linked products as the design may include an extension of benefits rider that is linked to the life insurance or annuity component. This extension rider will continue to pay for long-term care expenses after the death benefit or annuity funds are exhausted.

These are also integrated plans and cover services in all venues. Fewer options are available to customize these products. If you die never having needed care the death benefit or annuity cash value is paid to your estate or beneficiary.