Typically, these policies are used more for long term care benefits, but they do provide tax - free payouts at death. (ohioinsureplan.com)
You can also use the proceeds from certain annuities with qualifying riders with long term care benefits to pay for long - term care costs tax - free. (fiainsights.org)
Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows. (ohioinsureplan.com)