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You can reposition existing money such as CDs, Money Market, Savings, or you can 1035 exchange an existing universal/whole life insurance policy. See the Pension Protection Act for more information.
Q: Can I use my IRA money or one of my old 401k's to fund the annuity?
A: If available in your state, you can do a 1035 exchange or "trustee to trustee transfer" to reposition the money to fund the annuity from a 401k/IRA account, even multiple accounts. You can use up to 60% of your entire qualified money. Also spouses can share benefits.
Contact us to find out if this is appropriate for your needs. This product requires health underwriting.
If you cannot health-qualify there is an annuity with LTC benefits that has no underwriting.
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