Is there a hybrid life insurance policy available in New York that also covers long-term care expenses?

In New York, you’re likely looking for an accelerated benefits rider, which can be added to various types of life insurance policies. This feature is most commonly found in permanent life insurance policies, such as whole life or universal life, although some term life policies may also offer this benefit.

An accelerated benefits rider typically allows the policyholder to access a portion of their death benefit while still alive, in order to help pay for care if they become unable to perform at least two of the six activities of daily living (ADLs)—which is the usual trigger for long-term care assistance.

We’d be happy to review your insurance coverage options with you! Give us a call at (631) 213-3331 or visit https://www.camillebunicciagency.com.