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083: Jack Lenenberg: How To Qualify for Long-Term Care
“Fun With Annuities” The Annuity Man Podcast
English - November 16, 2021 08:00 - 51 minutes - 71 MB - ★★★★★ - 41 ratingsInvesting Business Education Courses advisor financial retirement annuities annuity income planning stantheannuityman Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 082: Terry Savage: Financial Realities Right Now
Next Episode: 084: Leah Brandt: The Woman CEO Running The Annuity Man
In this episode, The Annuity Man and Jack Lenenberg discuss:
The truth about long-term care Transferring annuity to annuity with an IRS 1035 exchange Traditional versus annuity with long-term care The full customizability of long-term care
Key Takeaways:
Long-term care plans are flexible, benefits are guaranteed and you can set up the plan so that if you don’t use the money, it returns to the estate. An IRS 1035 exchange says you can take a non-IRA annuity using non-qualified assets and transfer them tax free into another annuity. Traditional policies involve a thorough process and investigation while long-term care annuity policies are the easiest - you can get approval in a day and it takes about 45 minutes. Annuity policies multiply the money we deposit, they will triple your money and provide you long-term care benefits. Long-term plan is fully customizable from the standpoint of amount of money, inflation, and length of time.
"Everyone is living longer today and the cost of care is increasing tremendously with inflation. So it’s important to plan for it. " — Jack Lenenberg
Connect with Jack Lenenberg:
Website: www.LTCPartner.com
LinkedIn: www.linkedin.com/in/jacklenenberg
Twitter: www.twitter.com/LTCPartner
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: [email protected]
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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