Tax-Advantaged Funding of a LTC Plan with an Annuity
Mike Padawer, president if INERTIA, joins "The Insurance Experts", a weekly video blog for planning stories & strategies for Long-Term Care planning. In this episode, Mike provides details about Annuity / LTC Hybrid solutions and the little-known funding strategy using the Pension Protection Act to turn gains in an old annuity into Tax-Free benefits to cover Long-Term Care expenses.
The solutions may not be available in all states..
Dealing with concerns about future health care costs and support services can be daunting. But by preparing for the years ahead today, you can focus on banking memories with those who matter most. Securian Financial's SecureCare may be an option to consider.....
Not available in Montana, California and New York.
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As adult Americans we often wonder what the future hold for us. Yet with so many conflicting priorities to address today, it's easy to put off thinking about planning for our own future needs. The purpose of this video is to help raise awareness of this important issue and serves as a catalyst to start planning for your families future long-term care needs today.