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Funding Resource: Your clients can transfer funds from an existing annuity or CD to an LTC Annuity.
Inflation Protection: The long term care benefit inflation is built-in an LTC Annuity. As the annuity grows, the maximum long term care benefit available increases by two or three times (depending on the carrier) the increase in annuity value. Additionally, your client can select an inflation protection endorsement to ensure an annual increase in the long term care maximum daily and lifetime benefit amounts.
Underwriting: There are fewer underwriting questions with an LTC Annuity when compared with individual long term care insurance policies, Life/LTC combination policies and Life insurance with accelerated death benefit riders.
Genworth - Total Living Care Annuity
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