Long Term Care Annuities

Have average or better than average health.

Long term care annuities. The next Asset Based Care option is known as The LTC Annuity Strategy and it comprises two financial products rolled into one. A Long Term Care Annuity gives you extra money to pay for your care. Fixed Index Annuities with LTC Benefits.

Your money in the annuity grows tax deferred at a fixed rate of interest. Long term care annuities will help to leverage your assets into 3X 4X or 5X your principal investment should you need care. First it is a fixed annuity that pays a current interest rate up to 325 every year.

You purchase the annuity with the long-term care rider and when you eventually need long-term care you can begin receiving payments to help with those expenses. LONG TERM CARE ANNUITIES Coverage for in-home and nursing facility care PLUS several additional benefits. Lets take a look at.

So the health insurance product if you dont use the long-term care provision youll still have the original investment thats getting a meager interest rate. A long term care annuity is a single premium deferred fixed annuity with a long term care rider that provides enhanced coverage for potential long term care expenses. What is a Long Term Care Annuity.

Consider making long-term care annuities part of your financial strategy if you. Think of it as an income annuity with additional long term care enhancements added to it. Long-term care rider Issued in conjunction with a life insurance policy to help pay expenses if you must reside at a long-term care facility.

Genworth recently introduced a new version of its long-term-care annuity. The benefit for long-term care is usually limited to 50 percent or less of the total face amount of the policy. No step-up in cost basis.