Hybrid

{
  "id": "MLC-T-INS-001758",
  "term": "Hybrid",
  "field": "Insurance and risk management",
  "definition": "A financial product or insurance arrangement that combines characteristics of two or more distinct types. This can refer to policies that blend life insurance with long-term care benefits, or investment vehicles that mix debt and equity features. Hybrid structures are designed to offer tailored solutions for specific risk and financial needs.",
  "url": "https://mlchart.com/terminology/insurance/hybrid/"
}