The holidays can be a good time to begin conversations with your family and friends about their long-term financial plans.
Did you know that 2 out of 3 Americans who turn 65 will need some kind of long-term care, for up to 3 years?¹
Yet, many do little to plan or prepare for how they might pay for care when they get older.
Medicaid-compliant immediate annuities are a good tool to use for part of Medicaid planning and can help to:
- Qualify the institutionalized spouse for immediate Medicaid eligibility in order to pay for long-term care.*
- Qualify for Medicaid assistance when assets are placed within an immediate annuity. Considered as income, they no longer count as available assets.
- Provide the other spouse with sufficient income and resources to maintain his or her lifestyle.
This holiday season, start an important conversation with family and loved ones.
Call your InSource Team for ideas, questions or marketing materials at (800) 732-1489.