“Combining Life and Long-Term Care Insurance,” by Rebecca Lake, Yahoo! Finance
“The long-term care part of the policy pays out money to cover nursing care expenses if you need long-term care. You may need to be diagnosed with a chronic or terminal illness for the rider to kick in, but once it does, your policy would pay for covered long-term care costs up to the policy limits. There may be limits on both the dollar amount paid out and how long benefits are paid, i.e. two years, three years or a different time frame.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Yahoo! Finance tackles the pros and cons of life insurance-based long-term care coverage.