Here are a few key advantages to Long Term Care coverage:
- Long-Term Care guarantees the return of premium either in the form of benefits or a death benefit
- The death benefit is paid out of the policyholder's heirs, whether or not they end up needing Long Term Care coverage
- The premium rates are fixed-cannot be raised in the future
- Preferential tax treatment for repurposing an existing life insurance and annuity policy via 1035 exchanges