You paid off your home. Now pay off your long-term care insurance!

Most people agree that a paid off a home is a cornerstone of retirement security.

But what if you pay off your home for retirement and a new bill lands in your lap in the form of unending long-term care insurance premiums?

With traditional long-term care insurance, not only are the premiums high, they are expected to be paid for life.

Click here for a FREE Guide to Hybrid Long-Term Care Insurance!

    • Long-term care insurance without the lifetime bill.
    • Heirs receive money back if you don’t need care.
    • Over 59-1/2 buy with your IRA.
    • Simple, easy solution!

What’s more, if you don’t end up using the insurance, the money you put into the policy – often decades of costly premiums – will be lost.

But there is good news!

There is a way to solve for both the lifetime bill and the risk of losing all your premiums should you never end up needing long-term care.

If you are over the age of 59-1/2, it may even be possible for you to buy and “pay off” your long-term care insurance using funds from your IRA.

How it works…

This strategy requires the use of a hybrid long-term care insurance policy.

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that combines an underlying life insurance policy or annuity with riders to cover long-term care expenses.

    • Hybrid long-term care insurance protects against long-term care expenses while simultaneously protecting insureds from the burden of a lifetime of premiums.
    • If long-term care benefits are never needed, either the death benefit of the life insurance policy or the accumulated funds of the annuity can be left to heirs.

5 Easy Steps to Pay Off Your Long-Term Care Insurance.

At least one insurer has a program where annual premium withdrawals for hybrid long-term care insurance are coordinated through an IRA account.

Step 1. An individual or both spouses are covered by one policy.

Step 2. A portion of IRA account funds are “rolled over” tax-free into a qualified ten-year-certain deferred annuity.

Step 3. Each year for ten years, funds are dispersed from the annuity to pay the annual premium on a 10-year-pay hybrid long-term care policy.

Step 4. Annually, the policyholder receives notification of the reportable income amount for taxes.

Step 5. Once the ten years are up, the deferred annuity will be depleted, and no additional hybrid long-term care premiums will be due.

Simple. Easy. Problem solved. 

No nagging premiums to pay until you are in your nineties or older. Plus, if you never need care, heirs get money back instead of getting nothing.

When I explained how hybrid policies work to my wife – who saw her father pay costly long-term care premiums for years before passing away without ever receiving a dime in benefits, she said,

“Why would anyone do this any other way?”

Want to see what hybrid long-term care might look like for you? 

If so, there is no cost or obligation to find out.

Click here for a FREE guide to Hybrid Long-term Care Insurance.

Questions or comments?

Contact me at this link,  and I will reply to you via email.

Thanks for reading and best wishes for your retirement!

How to buy long-term care insurance with an IRA.

If you are over the age of 59-1/2, it may be possible for you to buy and “pay off” your long-term care insurance with funds from your IRA.

How it works.

This approach requires the use of a hybrid long-term care insurance policy.

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that combines an underlying life insurance policy or annuity with riders to cover long-term care expenses.

    • Hybrid long-term care insurance protects against long-term care expenses while simultaneously protecting insureds from the burden of a lifetime of premiums.
    • If long-term care benefits are never needed, either the death benefit of the life insurance policy or the accumulated funds of the annuity can be left to heirs.

By contrast, with traditional long-term care insurance – premiums are due for life and if care is never needed, years of costly premiums paid into the policy will be lost.

5 easy steps to buy long-term care insurance with an IRA.

At least one insurer has a program through which periodic annual premium withdrawals for hybrid long-term care insurance are coordinated through an IRA account.

Step 1. An individual or both spouses are covered by one policy.

Step 2. A portion of IRA account funds are “rolled over” tax-free into a qualified ten-year-certain deferred annuity.

Step 3. Each year for ten years, funds are dispersed from the annuity to pay the annual premium on a 10-year-pay hybrid long-term care policy.

Step 4. Annually, the policyholder receives notification of the reportable income amount for taxes.

Step 5. Once the ten years are up, the deferred annuity will be depleted, and no additional hybrid long-term care premiums will be due.

For older retirees, annual withdrawals used to pay premiums can help meet required minimum distributions (RMDs).

Lower annual withdrawals spread out over ten years generally creates a reduced tax impact when compared to making a large, one-time withdrawal to fund a single-premium or lump-sum policy.

Learn more about hybrid long-term care insurance and how to “pay off” your long-term care policy in this FREE guide! 

Guide to Hybrid Long-Term Care Insurance*

*Direct link – no email or phone number required and no salesperson will call.

5 Easy Steps to Pay Off Your Long-Term Care Insurance

If you are over the age of 59-1/2, it may be possible for you to buy and “pay off” your long-term care insurance with funds from your IRA.

How it works.

This approach requires the use of a hybrid long-term care insurance policy.

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that combines an underlying life insurance policy or annuity with riders to cover long-term care expenses.

    • Hybrid long-term care insurance protects against long-term care expenses while simultaneously protecting insureds from the burden of a lifetime of premiums.
    • If long-term care benefits are never needed, either the death benefit of the life insurance policy or the accumulated funds of the annuity can be left to heirs.

By contrast, with traditional long-term care insurance – premiums are due for life and if care is never needed, years of costly premiums paid into the policy are lost.

5 Easy Steps to Pay Off Your Long-Term Care Insurance.

At least one insurer has a program through which periodic annual premium withdrawals for hybrid long-term care insurance are coordinated through an IRA account.

Step 1. An individual or both spouses are covered by one policy.

Step 2. A portion of IRA account funds are “rolled over” tax-free into a qualified ten-year-certain deferred annuity.

Step 3. Each year for ten years, funds are dispersed from the annuity to pay the annual premium on a 10-year-pay hybrid long-term care policy.

Step 4. Annually, the policyholder receives notification of the reportable income amount for taxes.

Step 5. Once the ten years are up, the deferred annuity will be depleted, and no additional hybrid long-term care premiums will be due.

For older retirees, annual withdrawals used to pay premiums can help meet RMDs (Required Minimum Distributions).

Lower annual withdrawals spread out over ten years generally creates a reduced tax impact when compared to making a large, one-time withdrawal to fund a single-premium or lump-sum policy.

Learn more about hybrid long-term care insurance and how to “pay off” your long-term care policy in this FREE guide! 

Guide to Hybrid Long-Term Care Insurance*

*Direct link!  No email or phone number required and no salesperson will call.

How to pay off your long-term care insurance with an IRA

If you are over the age of 59-1/2, it may be possible for you to buy and “pay off” your long-term care insurance with funds from your IRA.

How it works.

This approach requires the use of a hybrid long-term care insurance policy.

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that combines an underlying life insurance policy or annuity with riders to cover long-term care expenses.

    • Hybrid long-term care insurance protects against long-term care expenses while simultaneously protecting insureds from the burden of a lifetime of premiums.
    • If long-term care benefits are never needed, either the death benefit of the life insurance policy or the accumulated funds of the annuity can be left to heirs.

By contrast, with traditional long-term care insurance – premiums are due for life and if care is never needed, years of costly premiums paid into the policy are lost.

5 easy steps to paying off your long-term care insurance.

At least one insurer has a program through which periodic annual premium withdrawals for hybrid long-term care insurance are coordinated through an IRA account.

Step 1. An individual or both spouses are covered by one policy.

Step 2. A portion of IRA account funds are “rolled over” tax-free into a qualified ten-year-certain deferred annuity.

Step 3. Each year for ten years, funds are dispersed from the annuity to pay the annual premium on a 10-year-pay hybrid long-term care policy.

Step 4. Annually, the policyholder receives notification of the reportable income amount for taxes.

Step 5. Once the ten years are up, the deferred annuity will be depleted, and no additional hybrid long-term care premiums will be due.

For older retirees, annual withdrawals used to pay premiums can help meet RMDs (Required Minimum Distributions).

Lower annual withdrawals spread out over ten years generally creates a reduced tax impact when compared to making a large, one-time withdrawal to fund a single-premium or lump-sum policy.

Learn more about hybrid long-term care insurance and how to “pay off” your long-term care policy in this FREE guide! 

Guide to Hybrid Long-Term Care Insurance*

*Direct link – no email or phone number required and no salesperson will call.

The SECRET to getting your long-term care insurance premiums back!

Ted Stevenot.com Seabrook Island, SC

With traditional long-term care insurance, if care is never needed, years and years of premiums paid into a policy will be lost!

What’s more, policyholders must pay premiums for life – even into advanced senior age. The longer people live, the more fatigued they can become with maintaining such a policy.

Need proof?

Just ask anyone with such a policy who is now in their eighties or nineties…

But there is good news!

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that helps eliminate these problems.

    • It protects against long-term care expenses while simultaneously protecting insureds from burden of lifetime premiums and the loss of premiums should care not be needed.
    • Hybrid long-term care policies function by combining an underlying life insurance policy or annuity with riders or add-on amendment(s) to cover long-term care expenses.

Lear more in this FREE Guide!  Easy direct link –  no phone number or email required and no salesperson will call:

Guide to Hybrid Long-Term Care Insurance

Key features of Hybrid Long-Term Care Insurance.

Hybrid long-term care insurance is a life insurance policy or annuity that includes a rider (or riders) which expand coverage to help pay for qualifying long-term care expenses.

    • In general, if you don’t end up using the policy for long-term care services, you won’t “lose” the money you put into it.
    • This is because the underlying policy will still carry out its primary function as either an annuity or a life insurance policy.
    • If benefits are never needed, either the death benefit of a life insurance policy or the accumulated funds of an annuity can be left to heirs (i.e. pre-tax accumulations from annuities are taxable to beneficiaries).

Insureds can live a long life with the peace of mind of having long-term care coverage, but without the anxiety of constantly paying premiums which they or their beneficiaries may never recover.

    • Many hybrid policies require a fixed, upfront premium to be paid, though some contracts may allow for ongoing contributions.
    • Internal funds grow on a tax-deferred basis and qualifying long-term care expenses are generally paid on a tax-advantaged basis (i.e. subject to state and federal rules).
    • At the time of writing, at least one insurer offers a policy that can be purchased jointly. This allows both individuals in a couple to benefit from coverage under a single policy.

If you are over age 59 1/2, you may be able to easily fund your policy with your IRA.

    • Depending on the contract, additional riders may be available to provide protection for inflation as well as other extended benefits.
    • Hybrid long-term care policies are medically underwritten, but some individuals may find it easier to qualify for certain types of these policies.

Learn more now!

Click for your FREE Guide to Hybrid Long-Term Care Insurance.

Questions or comments? Contact me at this link.

Long-Term Care Insurance Without the Lifetime Bill

With traditional long-term care insurance, policyholders are required to pay premiums for life – even into advanced senior age. The longer people live, the more fatigued they often become with keeping up such policies.

Need proof?

Just ask anyone with such a policy who is now in their eighties or nineties.

What’s more, if no care is ever needed, years and years of policy premiums will be lost!

Hybrid long-term care insurance is an alternative to traditional long-term care insurance that helps eliminate these problems.

    • It protects against long-term care expenses while simultaneously protecting insureds from burden of lifetime premiums and the loss of premiums should care not be needed.
    • The child of two major federal laws, hybrid long-term care policies are created by combining an underlying life insurance policy or annuity with a rider or add-on amendment(s) to cover long-term care expenses.

Lear more in this FREE Guide!  Easy direct link –  no phone number or email required and no salesperson will call:

Guide to Hybrid Long-Term Care Insurance

Key features of Hybrid Long-Term Care Insurance.

Hybrid long-term care insurance is a life insurance policy or annuity that includes a rider (or riders) which expand coverage to help pay for qualifying long-term care expenses.

    • In general, if you don’t end up using the policy for long-term care services, you won’t “lose” the money you put into it.
    • This is because the underlying policy will still carry out its primary function as either an annuity or a life insurance policy.
    • If benefits are never needed, either the death benefit of a life insurance policy or the accumulated funds of an annuity can be left to heirs (i.e. pre-tax accumulations from annuities are taxable to beneficiaries).

Insureds can live a long life with the peace of mind of having long-term care coverage, but without the anxiety of constantly paying premiums which they or their beneficiaries may never recover.

    • Many hybrid policies require a fixed, upfront premium to be paid, though some contracts may allow for ongoing contributions.
    • Internal funds grow on a tax-deferred basis and qualifying long-term care expenses are generally paid on a tax-advantaged basis (i.e. subject to state and federal rules).
    • At the time of writing, at least one insurer offers a policy that can be purchased jointly. This allows both individuals in a couple to benefit from coverage under a single policy.

If you are over age 59 1/2, you may be able to easily fund your policy with your IRA.

    • Depending on the contract, additional riders may be available to provide protection for inflation as well as other extended benefits.
    • Hybrid long-term care policies are medically underwritten, but some individuals may find it easier to qualify for certain types of these policies.

Learn more now!

Click for your FREE Guide to Hybrid Long-Term Care Insurance.

Questions or comments? Contact me at this link.