Invest in a fixed annuity to efficiently use the assets you have earmarked for long-term care. Use the annuity’s value to cover your first few years of care, then protect yourself beyond that with an optional coverage extension*. Access to the long-term care benefits can even be income tax-free.
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)
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Invest in a fixed annuity to efficiently use the assets you have earmarked for long-term care. Use the annuity’s value to cover your first few years of care, then protect yourself beyond that with an optional coverage extension*. Access to the long-term care benefits can even be income tax-free.
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.
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