Annuity Care II is a single premium deferred annuity designed to provide clients with the benefits afforded annuities with LTC provisions through the Pension Protection Act. It offers income tax-free withdrawals for qualifying long-term care expenses and a convenient, built-in continuation of benefits that provides long-term care protection even after exhaustion of the annuity's values.
Available to single and joint insureds (annuitants)
Single premium deferred annuity with a built in Continuation of Benefits provision that can provide clients with a combination of the annuity value and additional long-term care benefits should they be needed.
3, 6, and 9 year extended benefit periods (depending upon age of applicant)
Reimbursement and indemnity claims payment options
Eligible person allows spouse to utilize long-term care provisions