Want an LTC Annuity Combo but don't have $100,000 handy?
Until recently, the only way to fund our recommended LTC/Annuity plans was with one single deposit.
Many of our clients have expressed that they liked the LTC/Annuity concept especially the incredible increase of LTC funds (up to 560%). However, several of them have expressed that their only drawback was they didn't have enough funds readily available to generate enough Long Term Care to cover their required monthly needs.
Great news! We are pleased to announce that as of May 1st, 2011 State Life just approved the new Annuity Care III LTC/Annuity combo. This new annuity is designed to accept four separate annual deposits. For example, instead of needing to put in $100,000 all at once, now you can have virtually the same LTC benefits by making four annual deposits of $25,000. This also could work great if you want to use qualified money, such as an IRA, because you could spread the tax liability out over four years. Of course the IRS still won't allow you to fund the LTC Annuity directly with qualified funds. But at least now you won't have to pay all the taxes in one year.
Remember, unlike ordinary Long Term Care insurance, with these LTC Annuity Combo plans, you don't have to use the Long Term Care to reap the benefits. Should you live a healthy life and then suddenly pass on, never needing Long Term Care, your family will still get your annuity's accumulation value. It's not a use it or lose it proposition!
More and more states continue to approve LTC/Annuity combo plans. Call us at 888-892-1102 to see which ones are approved in your state. When you call we can also provide you with personalized illustrations which will show how these new LTC/Annuity combo plans can work for you. Or click here to go to our LTC Annuity Request page.