When you have a family that you could potentially be leaving behind. You want to make sure you and your loved ones will be protected and you are receiving the optimal benefits.

Luckily, there is an option to combine long term care and and life insurance that can give you long term care, but also give you the option to leave your unused funds to your loved ones. These policies are called hybrid policies and are a great way to combine two policies for you and the benefit of your family. Because they offer the ability to cover your care if needed, you will feel protected and knowing that if you don’t your family can cash out your investment and provide them with security.

There are other policies that provide less coverage if this doesn’t suit your life style. If you would rather pay smaller premiums instead of a large amount upfront (like with a hybrid policy), that is an option also. This is good if you want to earn an investment on your policy. The only thing you should prepare for is rising premiums. If you are aware that premiums can always fluctuate and be prepared financially than this is a good option for you. If you are looking for an investment, then this is a good option.

For those who are less worried about earning money off of your policy, but want to make sure you and your loved ones are also protected than I would say the hybrid policy is a better option. That being said, you have to understand that you will have to pay a large upfront fee. If this isn’t feasible than there are other options.

Talking to someone who has your best financial interest and you trust would be the best route. They can help you find the right policy for you and your loved ones and decide which will be a good fit. Enrolling as early as possible and in good health will help you to get the best policy you can.