LTC Funding: Tax-Deferred to Tax-Free

Have you talked with your clients recently about planning for long-term care needs? You’ve probably heard that the subject of long-term care is on the minds of many aging adults, particularly if they’ve had a family member who has needed care recently.

The cost of care is staggering, especially for those who have been diagnosed with a chronic illness such as Alzheimer’s or Parkinson’s Disease. Just like insuring your car and home in the event of loss or damage, protecting a legacy against a catastrophic event is just as important. 

Here’s a funding source that you may not be aware of – a fixed annuity! We partner with a carrier who has years of experience in the long-term care marketplace, and allows a client to use an existing fixed annuity contract that isn’t earmarked for another purpose, and reposition (1035 exchange) it into a long-term care contract.
​

• and... the monthly LTC benefit will be tax-free, even if that contract has substantial gains;
• and... a spouse can be added as an eligible person to receive the same benefits;
• and... if long term care is never needed, the annuity value will pass on to named beneficiaries at death.  

 
Call one of our marketers to talk about this option or other solutions we offer. It’s definitely a topic that you’ll want to include in your conversation with clients.  

Learn More

---

Until next time… good selling!
​
Raymond J. Ohlson
Founder & Retired CEO
Ohlson Group
​1-877-844-0900