The top five reasons people give for considering a combination life insurance product include:
- Concern that LTC costs may deplete or exceed my savings: 35%
- It is a more economical use of my current assets: 33%
- Benefits will be paid even if I don’t incur LTC expenses: 29%
- LTC insurance (on its own) is too expensive: 26%
- I can’t afford two separate (life and LTC) policies – 25%