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Long Term Care

Types of Annuities Part 5: Longevity Annuities (Qualified Longevity Annuity Contracts, QLAC)

A longevity annuity, or QLAC, provides protection against outliving your money if you or your spouse have good longevity. Also known as an advanced life delayed annuity, this type of annuity requires you to wait until you reach age 80 or later, to begin receiving a payout. Once the payout begins, the annuity provides a guaranteed regular amount of income for the rest of your life. These are...
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Long Term Care Benefits With Annuities

Long Term Care (LTC) is a legitimate concern for retirees and with traditional Long Term Care Insurance on the decline, many retirees are looking elsewhere to solve the need for some type of protection.  Recently the annuity industry has addressed the need for LTC with two types of annuity designs, the use of Income Riders and annuity products that increase values specifically for LTC. Income R...
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