Hybrid Products Popular Amongst Financial Advisors

Hybrid products or products that combine life insurance and long term care benefits into one all encompassing package, are a popular hit amongst financial advisors at the moment. As the market for traditional long term care insurance continues to dwindle , the hybrid products have gained increased popularity.

Many financial advisors note that hybrid products are great for clients who would also benefit from a life insurance offering as well as long term care benefits, particularly those with children whom would inherit. For clients with no need for a life insurance product, traditional long term care is still a great option. Advisors are making recommendations based upon clients' individual needs and situations; however, many are finding the Hybrid option to be an appropriate solution to many new client's needs.

Some of the offerings of hybrid policies which appeal most to financial advisors are;

• Flexible options
• No premium increases
• Dual usage