Use a 1035 Exchange of Annuity Money to Pay LTC Premiums
Written by Matt on February 2, 2010 – 9:21 pm
The Pension Protection Act (PPA) brings new opportunities to talk to customers about adding long term care planning to their retirement strategy. It allows non-qualified annuity owners, in many instances, to use their annuity to pay for long term care insurance premiums tax-free.
Continue reading to learn about some common examples of a partial 1035 exchange to fund a Long Term Care insurance policy.
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