LONG TERM CARE ANNUITY

Whoah - Now I found something to talk about.
I have access to a great annuity that actually combines long term care insurance with it. Lots of folks see the need for long term care insurance, but don't need one more monthly bill. Older people find that it gets very expensive too. A lot of times the rates are only gauranteed for 10 years and the nice people get a big surprise on the decade anniversary date. UGHH.

...or let's say a client has some health issues which would make it difficult to qualify for regular long term care insurance - or let's say that client would only qualify with a very high premium.....

So there are two ways to look at an annuity to solve this problem.

1. Annuity with LTC insurance built in. The annuity has a guaranteed interest rate, great returns, plus builds in LONG TERM CARE INSURANCE. If you never need the LTC (and I hope you don't), you haven't just thrown you money away. You still have your investment. It's great, easy to qualify for medically (some health questions - but fairly easy issue and designed for middle aged to seniors), and it makes sense.

THE DISAD? You need a higher minimum to get in: Usually about 37,500 or so. That's still below the minimum average for annuity sales, but it makes it tougher for middle class seniors to kick start it.

2. Annuity with LTC Waiver - Now, these are common, and still great. The principle is guaranteed - usually with interest, and they have been performing great. The good ones have no upfront load fees, but they do try to keep people in with surrender charges. THE THING IS - surrender charges are waived if you need long term care.

The minimums are much lower - and some can be started with 5 - 10 thousand dollars, putting them in the reach of lower income seniors who would like some sort of a safety net in case they need long term care money.

If you are interested in Annuities, especially with long term care protection, AND YOU LIVE IN TEXAS - CONTACT ME AT:
myfreeforum@yahoo.com

I will tell you about annuities!