A combination switch includes an Insulated Gate Bipolar Transistor (IGBT), an anti-parallel diode, and a saturable inductor. The diode and inductor are coupled in series between a collector and an emitter of the IGBT. The inductor is fashioned so that it will come out of saturation when a forward bias current flow through the diode falls below a saturation current level. When the diode current falls (for example, due to another combination switch of a phase leg turning on), the diode current initially falls at a high rate until the inductor current drops to the saturation current level. Thereafter, the diode current falls at a lower rate. The lower rate allows the diode current to have a soft landing to zero current, thereby eliminating or reducing voltage and/or current spikes that would otherwise occur. Multiple methods of implementing and manufacturing the saturable inductor are disclosed.