Bob (Age 70)
Anuity Example
- Recently widowed
- Adult children live out-of-town
- Cares deeply about remaining in his own home
- Health concerns – controlled diabetes w/history of heart disease (turned down
by traditional LTC insurance companies)
Sale of Family Business
$
0
Checking
$
0
Original Investment
$
0
Fixed Annuity
$
0
Gain
$
0
Bob’s Strategy
$8,300/month benefit is paid Tax-Free for:
- Home Health Care
- Assisted Living
- Skilled Care
Fixed Annuity
$
0
Tax-Free Exchange
Annuity (Pension Protection Act) Long- Term Care Benefit
$
0