Health care costs continue to rise and even a few years in a care facility can wipe out a family’s finances in order to care for their senior loved one. However, one financial advisor has noticed that many of their clients do not want to plan for long-term care or simply believe someone will care for them when they reach that time in their lives.

Now the aging population has options when they choose to plan for their care years in advance. There are both traditional long-term care insurance policies and also a hybrid insurance policy option. A hybrid policy will combine life insurance with a long-term care benefits rider. These policies can help families hold on to more of their nest egg than they would have had they had no plan in place.