The most common type of policy is comprehensive. It pays benefits for care in one’s home or in a facility. This is by far the preferred type of plan due to its flexibility. This type of plan pays benefits of care in any state, and many pay international benefits as well.

In recent years, hybrid or linked products have also become popular. They combine life insurance or annuities with long term care or chronic illness riders. These riders can accelerate the death benefit to pay for care. Some policies contain extension of benefit riders which can cover care beyond the amount of the death benefit.

These products are generally more expensive than traditional long term care insurance, but policyholders always receive a benefit and the rates are guaranteed.