Extended healthcare is a risk to a confident retirement. LTCI Partners provides insurance solutions to help manage this risk.
Preparing for Long-Term Care Expenses with Annuities. 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)
OneAmerica Annuity Care and Annuity Care II
Access author David A. Gresham’s, JD, CLU, ChFC white paper, Seeking Stable, Efficient Coverage for Long-Term Care with Asset-Based Products
Read the OneAmerica concept report, Guaranteeing Lifetime Income, the case for an integrated retirement income strategy.
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