Clients in their mid-60s often resist buying long-term-care insurance because of confidence they won't need it and an unwillingness to pay for something they think they won't use, lawyer Philip Harriman writes. For such people, a combination life and long-term-care insurance policy may work well, Harriman writes. The hybrid product pays for long-term medical needs, but if those don't arise, it acts like a life insurance policy.

Related Summaries