Articles, guides, and reviews about long-term care and long-term care insurance.
Forethought Life Insurance Company is a part of Global Atlantic Financial Group. All of their life insurance products are offered through Global Atlantic but were labeled as Forethought annuities. They offer fixed, variable, fixed indexed, long-term care and income annuities, and standard life insurance policies. Forethought Financial Strength Ratings Now only known as Global Atlantic, …
An inflation-protected annuity is a type of annuity that has been designed to provide inflation protection. This means it will increase in value as inflation rises, so you can be sure your retirement income will keep up with inflation. In addition, an inflation-protected annuity provides guaranteed lifetime income for the person who purchased it and …
What is an Inflation-Protected Annuity and How Does It Work? Read More »
There are many reasons why cash-for-annuity payments may be a good idea for you. For example, you might want to cash in your annuities because of the current low-interest rates or because you need cash now and can’t wait until retirement. The decision is yours, but if you decide to cash in your annuities, one …
Cash for Annuity Payments: Tips on Selling Your Annuities Read More »
What is an Annuity Date? What is the annuity date? The annuity date is also known as the annuity commencement date is the day on which annuities are payable. This means that annuity payments will be made on this day every year until the annuitant passes away. Annuitants often receive a regular income from annuities, …
What is the Cash Surrender Value? Cash surrender value is the amount of money you get back when you prematurely cancel your insurance policy. For example, your annuity or life insurance policy’s accumulation value minus any surrender charges is your cash surrender value. Annuity Cash Surrender Value Fees reduce the annuity’s value. This value is …
The difference between life insurance and an annuity is life insurance pays beneficiary money when the insured dies, and annuities give a retiree money every day during retirement while alive. Both products are often marketed as ways to delay or avoid taxes. They also have high expenses that make investments less profitable. But did you …
What is an equity indexed annuity? An equity-indexed annuity is a type of fixed annuity that earns interest based on a portion of an equities index, typically the S&P 500. An index equity annuity is also known as a fixed index annuity. When you buy an equity-indexed annuity you own an insurance contract. You are …
The following annuities are designed primarily for long-term care or have an enhanced long-term care benefit to help pay for a nursing home, assisted living facilities, home healthcare, or terminal illness costs. Annuity types include: Long Term Care Annuities Fixed Index Annuities with LTC Benefits The Best Annuities for Long-Term Care Assistance Shawn PlummerI’m a …
The unpredictable nature of one’s health and healthcare-related expenses makes planning for today’s retiree’s long-term healthcare needs challenging. Discover ways to incorporate healthcare costs into your retirement income strategy using approaches and products that can serve multiple needs at once. There’s a lot to think about when planning your retirement, from how much you need …
Paying Healthcare and Long-Term Care Costs in Retirement Read More »
There are several reasons why an annuity is a good fit or, worse, not a good fit for a consumer. Today, I wanted to share a real experience of what not to do when buying an annuity. And to set the stage for this rant, my job has been training financial advisors on annuities from …