LTC riders are generally only available through forms of permanent life insurance such as whole, universal or variable policies. It’s much rarer to find insurers that will offer living benefits for term life insurance policies. You must choose your riders when you purchase the policy.
Herein, what is universal life with long term care?
Trustmark’s Universal Life offers Living Benefit options that help pay for assisted living, home healthcare, nursing home and adult day care, as well as terminal illness. … A Restoration Benefit is available to restore the death benefit to its original value when benefits have been used to pay for long term care.
Moreover, does long term care insurance have a death benefit?
Life insurance policies that include a long–term care benefit alleviate the concern about paying for coverage you may never use. They can be used to pay for long–term care expenses and will pay a death benefit when the insured person dies.