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Using your Life Insurance or Annuity to Pay for Long Term Care Insurance

Posted by LTC Staff
LTC Staff
Staff writers for LTC.com
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on Tuesday, 09 September 2014
in LTC Insurance

Have you ever looked at your Life Insurance or Annuity statements and wondered if you could be using the gains from these policies more effectively? One option you may have is to transfer some of that money to fund a Long Term Care policy through a 1035 Exchange. Not only would you be purchasing a very valuable tool for protecting your financial future, but you may also be relieving yourself of a hefty tax burden.

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