Asset-Based
Long-Term Care
Long-term care can be a costly and almost inevitable expense for most. As the boomer population ages and longevity increases, so does the need for Long-Term Care (LTC) insurance. However, LTC insurance in today's environment isn't as straightforward as it used to be.
The availability of LTC insurance is declining as carriers are limiting product availability and application approval. The cost of premiums is making it too expensive for some individuals to afford. While government programs like Medicaid or the VA can provide some financial assistance, they traditionally fall short in asset limitations and the various types of care that is covered.
Since the inception of the Pension Protection Act, individuals are permitted to participate in LTC combination plans. These asset-based plans allow for tax-free distribution of life insurance or annuity cash value to pay for long-term care expenses.
As an alternative to traditional long-term care insurance, asset-based LTC protection lets you use your assets to purchase fixed whole life insurance or annuity contracts to provide benefits for qualifying long-term care expenses. In addition, asset-based LTC products provide significant tax advantages and other customization options.
If you are interested in finding out how asset-based LTC may be able to meet your long-term care objectives, click the button below to set up a brief, no obligation, call for further discussion.
There is no fee for this introductory consultation. An advisory relationship is established only through a written agreement.
Investment advisory services are offered through Brookwood Investment Group LLC, an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. This website is an advertisement for advisory services and is provided for informational purposes only. It is not personalized advice or a recommendation. All investing involves risk, including loss of principal, and past performance does not guarantee future results. Services are offered only where properly registered or exempt. See Form ADV and Form CRS at www.adviserinfo.sec.gov.