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Asset Based Annuities with Long Term Care |
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"Asset based" annuities are single premium annuities that are funded from your existing assets. For example you may use cash; maturing CD's or convert an old life insurance policy to pay for the premium. Essentially you can use money you have already spent to provide yourself with long term care coverage. These are sometimes called combination or linked annuities. |
Asset based annuities with LTC offer three specific benefits: 1. They are risk free and earn interest 2. It provides funds for long term care if needed 3. Money used from the annuity for LTC is tax free |
These annuities come with a long term care rider that is part of the annuity. This enables you to have access to money to pay for long term care if needed. |
Enjoy retirement knowing you are adequately funded long term care. |
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