The annuity with long term care rider is comnonly called a linked-benefit financial product. This is best suited for someone who cannot health qualify for other long term care insurance products (LTC, Life/LTC, SPIA/LTC).
With it you are accomplishing two things: 1. investing your money with a good rate of return and 2. if you do need long term care you will have 36 months of benefits from a separate pool of money from the annuity. It's almost like getting free long term care insuruance.
Have you been turned down (declined) for long term care insurance?
Does you health prevent you from applying for long term
care insurance?
If you answered yes may want to consider an alternative to spending down your own nest egg to pay for long term care. This is a fixed annuity with a long term care rider to cover long term care expenses.
You can have access to benefits without depleting your principal, avoid invasive medical questions, and pay for in-home care. There is nothing more flexible and feature rich that will provide you with financial security and long term care peace of mind as our fixed annuity with extended care protection.
Q: How much is the long term care benefit?
A: It depends on how much you put in the annuity and your
age when you start the annuity.
Q: How does this work?
A: Most clients simply reposition money from an existing IRA/401,
CD, Money Market or Savings Account. When you need long term
care you will have 36 months of long term care benefits available.
The long term care benefit money is separate from your annuity
money.
Q: What happens to the annuity?
A: It just keeps growing unless either you withdraw from it or
pass away. You can take up to 10% out per year for the first
10 years without any surrender fee, after that you can take
as much as you want out, for any reason, you could even pay
for long term care expenses if your care extended past the
36 months that the rider covers. If you should die at any time
the annuity money goes to your beneficiaries.
Q: Is this available to anyone, everywhere?
A: The long term care rider is available for those ages 40–75 who have not needed or received care service within one year prior to the starting date. The long term care rider is not available yet in all states.
Q: How do I find out if this is right for me?
A: Thousands of Americans just like you have decided to
protect their nest egg and have long term care benefits
with our annuity. Call us, email us, or use our online form
and one of our licensed certified specialists will answer
all your questions.
NEWS: Beginning in 2010 (thanks to the Pension Protection Act), income payments from a SPIA can fund, federal income tax free, a long term care insurance policy (see IRC section 1035).
Underwriting required. See more -->
