Generally speaking, hybrid life insurance products combine two types of life insurance coverage into one product. When many people hear the word hybrid life insurance, they think of Term, Whole or Universal Life products combined with long term care type benefits.
But there are other type of hybrid products that have gained popularity these days. Universal Life that is combined with Term is a hot seller due to its increased flexibility and ability to be offered to older ages.
Also, a new Term product on the market offers Term life combined with Accidental Death benefits with no exam, at very reasonable prices and issued within days. Then after the exam is taken the entire policy can be changed to regular life insurance, if desired.
For information about hybrid products, it is a good idea to call the agency selling them to get more details.
The conventional answer is the combination of permanent life insurance with a term life insurance rider. The current answer maybe the combination of life insurance and morbidity riders like long term care, critical illness, catastrophic event, disability terminal illness, etc.
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But there are other type of hybrid products that have gained popularity these days. Universal Life that is combined with Term is a hot seller due to its increased flexibility and ability to be offered to older ages.
Also, a new Term product on the market offers Term life combined with Accidental Death benefits with no exam, at very reasonable prices and issued within days. Then after the exam is taken the entire policy can be changed to regular life insurance, if desired.
For information about hybrid products, it is a good idea to call the agency selling them to get more details.