022: How Annuity Confinement Care Riders & Enhanced Benefit Payouts Work

In this episode, The Annuity Man discusses:  Why Long Term Care coverage is a concern for many people The two different types of enhanced benefit type coverage How each of these annuity strategies work The limitation and benefits of both     Key Takeaways:  The best coverage for Long Term Care is still traditional LTC  "When you get sicker you get your money back quicker" with annuity coverage When you qualify for coverage, you typically live an average of 3 years and a maximum of 7 years Fewer than 20 carriers currently offer these transfer of risk strategy types   "In a perfect world, confinement care riders and enhanced benefit payout riders should only be used as secondary coverage, not primary coverage." —  The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  YouTube: Stan The Annuity Man