022: How Annuity Confinement Care Riders & Enhanced Benefit Payouts Work

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 

YouTube: Stan The Annuity Man