A qualified Life Insurance-Long Term Care Combo product allows you to use most of your death benefit early to pay for qualifying long-term care expenses (when you cannot perform 2 of the 6 activities of daily living).  

It is a Whole Life product that is funded with non-qualified (after-tax) money, and the underwriting includes only a phone interview.  As your cash value increases, the death benefit also increases, along with the Long Term Care benefit. 

An instant bonus is included and the Long Term Care “Rider” can be activated after one year.  There is a 30-day Elimination Period before you can start receiving your pay-out for long-term care expenditures which covers a period of 33 months.