Jan 31, 2020
In this episode, The Annuity Man discusses:
- Why Long Term Care coverage is a concern for many people
- The two different types of enhanced benefit type coverage
- How each of these annuity strategies work
- The limitation and benefits of both
Key Takeaways:
- The best coverage for Long Term Care is still traditional LTC
- “When you get sicker you get your money back quicker” with annuity coverage
- When you qualify for coverage, you typically live an average of 3 years and a maximum of 7 years
- Fewer than 20 carriers currently offer these transfer of risk strategy types
"In a perfect world, confinement care riders and enhanced benefit payout riders should only be used as secondary coverage, not primary coverage." — The Annuity Man
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Website: TheAnnuityMan.com
Email: Stan@TheAnnuityMan.com