Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Nov 3, 2021

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Facts You Should Know

  • Nursing home riders can help to cover the costs of long term care by giving you access to a portion of your death benefit
  • Although many companies offer long-term care options, New York Life, State Farm, and Northwestern Mutual are some of the best
  • Hybrid long-term care insurance rates are usually more expensive than long-term care insurance rates

Finding affordable life insurance companies that offer policies with nursing home riders can give you peace of mind that you’ll be taken care of down the line.

Adding a long-term care rider onto your policy is also called hybrid long-term care insurance and gives you long-term care while letting you keep your current personal policy in place.

Which life insurance companies have the best long-term care options? And what are some of the best hybrid life insurance long-term care policies available?

Keep reading to find out everything you need to know about life insurance with long-term care before you buy life insurance from companies that offer policies with nursing home riders.

Searching for the best rates from life insurance companies that offer policies with nursing home riders? Enter your ZIP code above to get free quotes from the top life insurance companies near you.

What are the best life insurance companies that offer long-term care?

Although there are many life insurance companies that offer long-term care options, some of the best include:

  • New York Life
  • State Farm
  • Northwestern Mutual

New York Life

New York Life offers one of the best hybrid long-term care insurance policies available called Asset Flex which offers cash benefits that can help with long-term care.

Even if you don’t ever end up needing long-term care, a death benefit for your beneficiaries is still available.

Asset Flex as well as the wide variety of riders available from New York Life can help you get the personalized coverage you’ll need as you get older.

State Farm

State Farm offers multiple different products that can help with long-term care including a flexible care benefit rider, final expense insurance, and a waiver of monthly deduction for disability options.

All of these options can help you get the coverage you need as you get older.

State Farm is also one of the most affordable insurance options for long-term care and has an A.M. Best rating of A++.

Northwestern Mutual

Northwestern Mutual is one of the best long-term care life insurance companies for high-risk individuals with multiple coverage options available.

High-risk individuals typically include smokers, people with disabilities, and seniors, making Northwestern Mutual perfect for individuals who may need extra care as they age.

Northwestern Mutual also has flexible payment plans that can be particularly helpful if you are a high-risk individual and your rates are higher.

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What are some hybrid long-term care insurance pros and cons?

Hybrid long-term care insurance adds a nursing home rider onto your personal life insurance policy that can help to pay for long-term care by letting you access a portion of your life insurance death benefit.

By contrast, traditional long-term care insurance is solely for long-term care and usually doesn’t pay a death benefit if you don’t use it for long-term care.

Hybrid long-term care insurance is helpful in that it allows you to add a rider to your personal policy and still keep your existing coverage instead of having to purchase a new policy.

However, hybrid long-term care insurance is almost always more expensive to buy than long-term care insurance is, so it may not be the best choice if you’re looking for cheaper rates.

Because traditional long-term care insurance policies are more common, there are some life insurance companies that don’t offer policies with nursing home riders, so finding coverage for a hybrid policy might be harder.

The death benefit for a hybrid long-term care insurance policy is also usually smaller than the death benefit for long-term care life insurance is.

If large death benefits are a priority of yours, hybrid policies may not be the right fit for you.

Searching for the best long-term care insurance? Enter your ZIP code to get free quotes from life insurance companies that offer policies with nursing home riders.