What Are Hybrid Annuities? 
The term Hybrid Annuities usually refers to a combination Annuity/Long Term Care policy . This policy guarantees that your funds will grow at a certain rate . It also guarantees a certain LTC benefit depending on the year it is used . Many people like this option because it allows you to use the cash if you need it for income or expenses -LRB- they do not have to be related to LTC needs -RRB- . But at the same time if you have a LTC need you have a LTC benefit that is much higher than the cash value . 