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Re: LTC Annuity

Posted by Mario on March 19, 19101 at 21:17:26:

In Reply to: LTC Annuity posted by Lana on March 19, 19101 at 13:00:59:

: Can someone declined for LTC get an annuity that has
: LTC benefits? Some kind of enhanced interest rate used
: to pay for LTC....I've heard of something like that...

I was declined for ltc insurance and my broker was able to sell me a variable annuity through john hancock that had a ltc benefit. I think the benefit maximum is $100 per day but the catch is that i can't go on claim for 7 years.

the benefit seems to be an actual ltc benefit rather than an enhanced interest rate

Follow Ups:

Re: LTC Annuity : : Can someone declined for LTC get an annuity that has : : LTC benefits? Some kind of enhanced interest rate used : : to pay for LTC....I've heard of something like that... : I was declined for ltc insurance and my broker was able to sell me a variable annuity through john hancock that had a ltc benefit. I think the benefit maximum is $100 per day but the catch is that i can't go on claim for 7 years. : the benefit seems to be an actual ltc benefit rather than an enhanced interest rate

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