LTC Linked Life & Annuities
Many people set aside substantial funds for retirement. Most worry that a long term care event can ruin their plans to use those funds. Alternatively, many consumers are reluctant to purchase a standalone Long Term Care policy, for fear their investment will be given up if they don’t use it.
The provisions of the Pension Protection Act (PPA) of 2006 permits tax-free distribution of life insurance or annuity cash value to pay for long-term care. With Long Term Care Linked Life Insurance & Annuities, the consumer maintains asset control, receives more long term care benefit for their dollar, and retains benefits whether or not they use their LTC benefit.