LTC for Adult Children

bluemarlin08

Guru
1000 Post Club
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If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
 
If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.

Can you buy a hybrid in your 80's? Do not know of any that go that high......and even if so, how healthy can you statistically be? Hybrid = MG, PacLife, StateLife, Nationwide, ForeCare, etc. Unless of course you meant the kids would be the insured.....and their grandchildren would be beneficiaries. :-)
 
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