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The Annuity (or Life) - Long Term Care (LTC) combination product (which adds LTC features to either Annuities or Life Insurance) is a major business opportunity with the potential to create significant new sales and profit for your company. At the same time, this new product concept gives insurance companies the ability to diversify its product portfolio while not taking on additional investment risk.
The 2006 Pension Protection Act, which becomes effective January 1, 2010, has created tax incentives for annuities with LTC features. The incentives include:
- tax free withdrawals for customers who receive LTC benefits
- eliminating the so called “use it or lose it” consequence of today’s products; should the customer not need long term care, the combination product continues to offer all of the features and benefits of the life insurance or annuity product
- lower cost of long term care protection than standalone product charges
We have conducted extensive customer and broker market research on the market potential, and this product concept has resonated loudly.
Actuarial Strategies, Inc. is an expert on combination LTC products. We have studied this market, and have the product, underwriting, marketing, and financial expertise to assist you in bringing this solution to market.
We are pleased to offer complementary webcasts to companies that are interested in exploring Combination Product opportunities for its markets and distribution. These one-on-one 1 hour webcasts would be scheduled at each company’s convenience.
Simply e-mail us with your interest and contact information.
We look forward to hearing from you soon!
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