Tuesday, November 27, 2007
Package Deals
New 'hybrid' policies give you more options when buying long-term-care insurance
If you're shopping for long-term-care insurance, recent legislation in Washington is giving rise to more products and more options -- if not more simplicity... The Pension Protection Act of 2006, among other provisions, changed the tax rules involving the way two types of products -- life insurance and annuities -- intersect with long-term-care insurance. In short, sellers of annuities for the first time are allowed to package long-term-care contracts with their products that pay tax-free benefits.
WSJ: Package Deals
If you're shopping for long-term-care insurance, recent legislation in Washington is giving rise to more products and more options -- if not more simplicity... The Pension Protection Act of 2006, among other provisions, changed the tax rules involving the way two types of products -- life insurance and annuities -- intersect with long-term-care insurance. In short, sellers of annuities for the first time are allowed to package long-term-care contracts with their products that pay tax-free benefits.
WSJ: Package Deals
Permalink posted by markw @ 8:31 AM 
 |
 |  |
  |
