Category: Long Term Care Insurance, Retirement Planning
Category: Long Term Care Insurance, Retirement Planning
As people age, they may develop health conditions that require daily care for an extended time. Often health insurance does not cover all these costs, such as assistance with daily activities like bathing, at-home care, nursing home or adult day care, and home modifications for the disabled. Consider the benefits of investing in a long-term …
Category: Long Term Care Insurance
What images do talks of retirement bring to mind? Ones of freedom? Extended vacations in your favorite spots? Time for that long-put-off hobby? Often, thoughts on retirement center around the pleasurable expenses. Long-term health costs and their related less-than-ideal circumstances fail to factor into the conversation. Long-term care insurance falls off the radar. Furthermore, current …
Category: Long Term Care Insurance
Category: Annuities, Articles, Long Term Care Insurance
Through our independent agency, you can compare hybrid long term care insurance quotes and illustrations from One America State Life Insurance Company. They offer both single and joint annuity and life plans to fit most situations. We offer their hybrid annuity and life plans direct to consumer. Using our expertise and guidance, we can help …
Category: Long Term Care Insurance, Retirement Planning
If you are researching hybrid long term care policies, then you may want to consider the Lincoln MoneyGuard life insurance product. In this post, we will discuss how this policy works and provide examples of the benefits it will provide now and in the future. Addressing Long Term Care Using Hybrid Insurance Plans Asset based …
Category: Long Term Care Insurance, Retirement Planning
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning
The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use …
Category: Annuities, Articles, Long Term Care Insurance
Asset based long term care is quickly growing in popularity as those nearing retirement plan for potential long term care costs. There are only a few companies marketing long term care annuity policies and Mutual of Omaha is one of them. Their policy is called the Living Care Annuity. The primary advantages of their hybrid annuity …
Category: Annuities, Articles, Long Term Care Insurance
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning
Category: Long Term Care Insurance, Retirement Planning
One America/State Life offers this hypothetical case study. It details an innovative way to pay provide funds for long term care expenses while also creating a tax write-off under the Pension Protection Act. While many seniors own deferred annuity contracts, some are unsure what to do with underperforming or mature contracts. If you would like …
Category: Long Term Care Insurance
The newest addition to the LTC marketplace is the long term care hybrid annuity account. This product functions exactly like a fixed annuity, but it has a long term care multiplier built into the policy. There is no premium rider associated with this medically underwritten annuity policy. Put another way, there is no annual cost …
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning