Forecare Fixed Annuity With Long Term Care Benefits

March 12, 2021

Long term care The ForeCareSM Fixed Annuity improves your ability to pay for the long term care you deserve. With ForeCare you get all of the security and benefits of a fixed annuity along with enhanced value for qualified long-term care needs.

Global Atlantic Forethought Forecare Hybrid Annuity And Long Term Care Skloff Financial Group

The interest crediting is guaranteed to never drop below 1.

Forecare fixed annuity with long term care benefits. A fixed annuity with style for life in retirement. For example that might mean being diagnosed with a chronic or terminal illness such as Alzheimers disease or another degenerative disease that requires round-the-clock care either in-home or in a nursing facility. Lets use a hypothetical example to compare two of these options.

The LTC annuity is a form of long-term care insurance that helps pay for a nursing home assisted living home healthcare chronic. 7 020 And more for your spouse and beneficiary too. ForeCare is a fixed annuity with LTC benefits that offers you more care more convenience and more control.

Ad Search What Is Fixed Annuity. NOT FOR USE WITH THE PUBLIC. Because ForeCare is a fixed annuity it provides tax deferral on interest credited to the account and access to the account value through withdrawals or income payout options.

Benefits of a ForeCare fixed annuity Because ForeCare is a fixed annuity you can participate in both protection and accumulation benefits. Benefits of a ForeCare Fixed Annuity. Get Results from 6 Engines at Once.

Benefits of a ForeCare fixed annuity Because ForeCare is a fixed annuity you can participate in both protection and accumulation benefits. Ad Search What Is Fixed Annuity. Forecare fixed annuity helps investors avoid a financial crisis if at all theyre faced with a health crisis that necessitates long term care.

To do that Id like to introduce to you our fictitious couple named Clara and Wade. This annuity offers the benefits of a fixed annuities such as income options a death benefit and tax deferral. 123 For example a one-time premium payment of 150000 can mean 300000 to 450000 for qualifying LTC expenses on the very first day your ForeCare contract value takes effect.

Because Global Atlantic ForeCare is a fixed annuity you can participate in both protection and accumulation benefits. With ForeCares premier approval she gets 3x the amount of her annuity premium for qualified LTC expenses4 Total coverage3 600000 150000 Original annuity investment Additional coverage. IF YOU NEED LONG TERM CARE ForeCare Fixed Annuity gives you two significant advantages in your ability to pay for your long term care needs.

Get Results from 6 Engines at Once. To activate the long-term care rider and begin receiving benefits from the annuity you generally have to meet medical standards that necessitate long-term care. Self-funding as option one and purchasing ForeCare as option two.

You need ForeCare an innovative fixed annuity with long-term care benefits that provides a multiple of your initial premium for qualified long-term care expenses. You need ForeCare an innovative fixed annuity with long-term care benefits that provides a multiple of your contract value for qualified long-term care expenses. Annuity to the ForeCare Fixed Annuity with LTC benefits.

Global Atlantic ForeCare is a single premium fixed interest annuity with a long term care extended benefit rider. You need ForeCare an innovative fixed annuity with long-term care benefits that provides a multiple of your contract value for qualified long-term care expenses. Traditional Annuity PPA-Compliant Annuity 200000 200000 167000 Before the PPA After the PPA.

400000 x FOR PRODUCER USE ONLY. ForeCare fixed annuity offers a modern strategy to help address todays risks leveraging your just in case money. Nearly 70 of adults over age 65 need long-term care.

In the case of the Forethought ForeCare Fixed Annuity while the rider for long-term care benefits is automatically included with the contract there are other optional riders that will cost extra. ForeCare Fixed Annuity with Long-Term Care benefits. Benefits are subject to a maximum monthly benefit.

ForeCareTM Fixed Annuity Seventy-three percent of non-qualified fixed annuity owners plan to use their annuity to fund a long-term care liability. Example one Your client uses a traditional. A home health aide alone may run you 31689 a year.

The ForeCare annuity multiplier will provide you with double or triple the amount of your annuity contract value depending upon underwriting eligibility to spend on qualified long term care expenses. Nursing Home Facility and Hospice Care Long-Term Care Benefits The ForeCare Multiplier provides two or three times depending on underwriting eligibility the amount of contract value in long-term care coverage to spend on qualified long-term care expenses. ForeCare gives you more for LTC ForeCare may double or triple your money for qualified LTC expenses.

A long term care annuity is a deferred fixed annuity hybrid annuity designed to help pay long term care costs without destroying retirement savings. 4 This rider is only available. These include the optional non-forfeiture benefit rider and the optional inflation protection benefit rider.

Global Atlantic Forecare Long Term Care Insurance Annuity