Tuesday, March 13, 2007
A Look Into the LTC-Linked Annuity Market
The passage of the Pension Protection Act (PPA) has injected new life into the languishing stand-alone long-term care (LTC) insurance market by paving the way for a new breed of products known as the Annuity / Insurance-LTC Combos.
A major benefit of PPA is the tax-free funding for LTC benefits bundled as riders with these life insurance and annuity products. Prior to Bush’s reform bill, this funding was subject to taxes. But in 2010, the premiums for all new and in-force life insurance and annuity LTC combo policies will no longer be taxable.
A Look Into the LTC-Linked Annuity Market
Source: Insurance News Net
A major benefit of PPA is the tax-free funding for LTC benefits bundled as riders with these life insurance and annuity products. Prior to Bush’s reform bill, this funding was subject to taxes. But in 2010, the premiums for all new and in-force life insurance and annuity LTC combo policies will no longer be taxable.
A Look Into the LTC-Linked Annuity Market
Source: Insurance News Net
Permalink posted by armandn @ 11:12 AM 
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