ANNUITIES WITH LONG TERM CARE INSURANCE
Annuities with LTC are a special category of annuities that allow you to access the annuity to pay for qualified LTC expenses tax free. Some of these annuities have additional riders to extend LTC coverage beyond the value of the annuity. Most traditional annuities can be transferred to LTC annuities tax free.
Some LTC Annuities require no underwriting, but most are limited underwriting, therefore the total LTC benefits are limited and in some cases only available for nursing homes only. There are even annuities that can be purchase after you are receiving long term care services.
It is important to consult with a long term care specialist to see if these are appropriate for you.
Some LTC Annuities require no underwriting, but most are limited underwriting, therefore the total LTC benefits are limited and in some cases only available for nursing homes only. There are even annuities that can be purchase after you are receiving long term care services.
It is important to consult with a long term care specialist to see if these are appropriate for you.