There are three levels of care: Custodial or Long-Term-Care, Intermediate Care, and Skilled Care…Medicare does not cover Long-Term-Care, or Intermediate Care, only skilled care. In an era where life expectancy is on the rise and medical advancements continue to enhance…
Yes, it is possible to do a 1035 exchange from a life insurance policy to an annuity. A 1035 exchange refers to a provision in the U.S. tax code that allows for the tax-free transfer of funds or assets from…
Yes, it is possible to do a 1035 exchange from an annuity to a life insurance policy. A 1035 exchange, as mentioned before, refers to a provision in the U.S. tax code that allows for the tax-free transfer of funds…
When selecting annuities that offer long-term care options, there are several key factors to consider. Annuities with long-term care provisions are designed to provide additional coverage or benefits to help cover the costs associated with long-term care services. Here's a…