As we prepare for retirement, one of the key areas to consider is the potential need for long-term care. This refers to a range of medical and personal services that provide ongoing care for people who have lost the ability to live independently. Perhaps you know someone or have had a personal experience with a loved one who needed extended health care. How you prepare for that possibility directly impacts the security of your entire portfolio and can pose one of the greatest threats to your retirement income security.
Advances in medicine, technology and health awareness have allowed us to live longer. However, with greater longevity comes the risk of eventually needing some type of extended health care. As health care costs continue to rise, more and more people are wisely deciding to assign the risk of needing long term care (and the financial impact that comes along with it) to an insurance company through a long-term care insurance policy. These policies are individually tailored to your particular situation and designed to help cover the costs of long term care while protecting your assets in the future.
As an annuity owner, you anticipate that your current contract is efficiently and effectively meeting your long term financial goals. However, as time elapses and objectives shift, you may wonder if the product you have is still the best solution for your needs.
As specialists in Annuity Contracts, we are able to help individuals nationwide with these challenges. Our approach is based on a professional process designed to educate contract holders on their products and features, employing analytical tools developed and managed by our team of annuity experts.