ANNUITY WITH LTC
Single premium deferred Annuity with LTC benefits:
An Annuity that allows access to its cash value for qualifying LTC expenses with a higher credited interest rate for these funds. No medical exams!
The Pension Protection Act (PPA) allows for income tax-free withdrawals from specially designed non-qualified annuities to fund long-term care expenses, regardless of cost basis. By exchanging a current annuity for an annuity that qualifies for the PPA advantages, your clients will be matched with a vehicle that can meet their needs while providing a tax advantage. Of course, before any annuity exchange is made, all factors should be weighed to verify the client’s best interest.
Preparing for Long-Term Care Expenses with Annuities
Have you saved and invested enough to live on during retirement? Then consider designating some of your provisions for end-of-life care or long-term care. You can transfer existing savings or other assets to a special type of annuity that combines long-term asset growth with long-term care benefits.
Single premium option — Use existing assets, such as a CD, savings or another annuity, as a one-time-only premium payment and avoid ongoing, non-guaranteed premium payments.
Added value for care — Your accumulated value grows at a guaranteed minimum interest rate; when you withdraw money for long-term care expenses your funds get credited at an even higher interest rate
Tax-free benefits — Pay no income tax if you use your annuity for qualifying long-term care expenses, regardless of the deferred gain (subject to monthly maximums, and premiums funded after-tax)
Consider making long-term care annuities part of your financial strategy if you:
Expand your knowledge about annuities with long term care benefits. Offer your clients the best options in the industry.
Request a quote and receive multiple options for unique strategies. Correct allocation of money can help your client safeguard their future.
Get appointed to sell this revolutionary asset based product to help safeguard your clients money and potential need for Long Term Care.