| THE WEALTH PROTECTOR Flexible Premium Deferred Annuity |
ready as an ideal way to help protect your assets against the devastating effects of long term care. It does this without monthly premium expenses for Long Term Care Health Insurance. The Wealth Protector provides you with the ability to save much of your estate from many of the expenses of long term care.
The Wealth Protector uses a Flexible Premium Deferred Annuity to plan for future LTC needs. This FPDA allows funds to be transferred, surrender penalty free*, to either an Immediate annuity, a Single Premium Pure Endowment Life Insurance Policy or a Single Premium Life Insurance Policy with Terminal Illness Rider (strategy depends upon the State in which you reside). These three other policies are highly advantageous when entering a nursing home and qualifying for Medicaid LTC Assistance. The premium to fund The Wealth Protector, tax-deferred annuity, is usually determined by the amount of assets that need to be protected against the effects of long term care. Policy Details The Wealth Protector has surrender penalties lasting for ten years, beginning at 10% the first year and reducing one percentage point for each year. The Death Benefit is the full accumulation value at the time of death. As the Policy Owner, you may withdraw up to 10% of the Cash Value once annually, cumulative for two years. In addition, you may withdraw periodic interest. The surrender penalties are waived when transferring funds to one of the policies mentioned above, however there may be tax consequences. It is important that you have all your questions answered by seeking necessary professional advice. It is never guaranteed that you will qualify for Medicaid. For this reason, we make certain that The Wealth Protector is a quality tax-deferred annuity and may be the annuity you select even if you are not concerned about qualifying for Medicaid at some future time. In addition, the Wealth Protector can be chosen as a Single Premium Immediate Annuity from as little 90 days. Please contact Barry Rahm for the details. |
| Disclaimer *Please be certain to obtain necessary legal, financial and/or professional help. We cannot be responsible for State Laws, Rules or Procedures which may have changed. Barry Rahm Insurance does not provide legal or tax advice. |
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| LTC Asset Protection and Medicaid Eligibility for Singles and Marrieds. The Best Plan for Long-Term-Care and Nursing Homes |
| Asset Protection & Qualification for Medicaid Eligibility for Nursing Homes* |
| Please call or email for a free illustration and any questions you may have. Barry Rahm Barry Rahm Insurance 1074 Diamond Crest Court, Santa Barbara, CA 93110 Phone Toll Free 800-255-1932, Local 805-683-6311 Fax 805-683-6313, Cell 805-455-4611 Email to barryrahm@verizon.net Home Bulletins Products Forms Software Brochures |
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| Barry Rahm Insurance Serving Agents for over 35 Years Email to barryrahm@verizon.net 800-255-1932 Asset Protection & Qualification for Medicaid Eligibility for Nursing Homes* Guaranteed-Issue Single Premium Life Be sure to check out The Bulletins *Before proceeding, please see disclaimer at bottom of page. |