Should I Purchase Long Term Care Combined With Life Insurance? 
By the wording of your question , I believe you are referring to Life Insurance with living benefits . This type of policy will allow you to take some of the death benefit as cash if you are diagnosed with a chronic condition that will render you unable to do two or more ADL 's for the foreseeable future . Your other option would be to buy two policies : Long Term Care Insurance as one policy , and Life Insurance as the other . There are many questions to walk through with a financial counselor to determine which is correct for you , as Jim so wonderfully explained . Life Insurance with living benefits or a Long Term Care type rider can be an affordable way to purchase some LTC coverage along with your Life Insurance . On the other hand , there are advantages to having separate policies , as well . A financial counselor can explore all the variables to help you get the product -LRB- s -RRB- that best suit your situation . 