LTC Annuities

Long Term Care Annuities are a financial planning tool in while you can use IRA money to fund them, your principle if guaranteed to never lose value and you can safely index your money to the stock market without fear of loses. The money then can be used later in life for anything you choose, spent anyway you like.  If you need long term care you then will get at 25% bonus on your account’s value.

Long Term Care Annuities are an idea that has worked for clients which requires no medical underwriting for clients with health issues.  There are several companies that offer a version and we can help you compare each plan.

It works like this… you put in single lump sum and it’s paid off.  Your principle is protected from market losses and then grows safely indexed to the your choice of brand name index funds.

The best company’s mix has averaged a net most recent ten year period of 12.91%, with the highest ten year period of 15.55% and the lowest ten year period of 12.55%. (this is after all after fees too)

Again, you principle investment is also guaranteed to never lose value in if the market is down.

Your account only increases, gains are locked in every two years and your money can be used for anything you like.  They just send you checks or you can walk away lump sum if you like.  

If you choose to use the money for long term care, you get a 25% bonus on your account after year five.

How does it give you extra help if you need Long Term Care?

If you need help with at least 2 of 6 Activities of daily living (ADLs) your contract will give a bonus on top of the contract value at that time of:
10%-in year-3,
15% in year-4,
20% in year-5
and in 25% years 6 on.

They will then send five equal payment overt the next five years if you choose that LTC Bonus route or can walk away with the full contract value at that time lump sum.

If you would like to learn more on long term care annuities, then simply click the request quote link.