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Protect yourself while letting your money grow! With the introduction and popularity of Equity Indexed Annuities (EIA's) over the past years, it provides another avenue for funding long term care needs. The popularity of the EIA's has proven to be a good choice when wanting to preserve your assets with the option to fund your long term care needs. When you utilize an Equity Indexed Annuity as a funding vehicle for long term care you will have access to your money whenever the need arises. You must meet certain criteria to start receiving the payout of the annuity. To start receiving the payout of the annuity for long term care benefits you must be either in a nursing home or hospital facility for 30 out of 35 consecutive days after you have had the policy in force for one year. The minimum payout option is as short as five years. If you would like more information on how to fund your long term care needs with an Equity Indexed Annuity, please contact us. |
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