Tangible Life Insurance: Hybrid Plan

Tangible Life Insurance: Hybrid Plan logo

A Life Insurance with Dual Protection

Life protection and long-term care against disability and injury are critical to health and longevity. Life insurance ensures that you leave a legacy for your dependents and also take care of your family even if you are deceased. Usually, life insurance and long-term care are provided in different packages but Blue Cross provides the two insurance plans in one package known as the tangible life insurance hybrid plan. As the name implies, this life insurance plan offers two protections both life insurance and long-term care. The life insurance coverage includes up to $1 million in coverage and it is gradually converted into long-term care if the insured reaches the age of 56. Even when converted to long-term care, the balance of life insurance will still remain in force but the insured will be protected for a long-term.

Benefits and Features

In the event of the death of the insured, Blue Cross will pay the insured an amount based on the amount insured and also based on the insured’s age at the time of death. For instance, if the insured is between 15 days and 55 years, the amount paid will be 100% of the initial amount insured but the percentage will decrease as the age increases.

  • If the insured dies during the survival period, his dependents will be refunded the policy fees, premiums as well as extra premiums for the coverage.
  • In the event of death, the insured (his beneficiaries) will be paid an amount based on the insured amount and also the age of the insured at the time of death.
  • This is a dual insurance protection that can cover both life insurance as well as long-term coverage.
  • The plan provides coverage up to $1 million in coverage that converts into long-term care coverage at age 56.



Additional resources

Learn more about your life insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

By clicking on Get Quotes Now, you agree to our terms and conditions. You provide consent to be contacted for the purpose of being provided information, rates and details on any product from any insurance company or financial institution. You can unsubscribe at any time from this service.

Facebook Rating
Google Rating
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram