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How did Nancy choose to protect her family? episode artwork

EPISODE · Mar 15, 2022 · 12 MIN

How did Nancy choose to protect her family?

from Preparing For Tomorrow podcast · host Diane Stoddart

This week, Nancy & her daughter Tammy decided to choose a hybrid, cash indemnity plan that will let Nancy use the money to pay for whoever and whatever care she needs, or it will pay a tax-free death benefit to Tammy if Nancy never needs care. Disclosure: In this episode, I stated that the hybrid plans were not available prior to the Pension Protection Act (PPA) being implemented in 2010. They were actually available before then, but the PPA law made the benefits completely tax-free if used for care or as a death benefit. Before that, benefits could not be combined and tax-free.

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How did Nancy choose to protect her family?

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Frequently Asked Questions

How long is this episode of Preparing For Tomorrow podcast?

This episode is 12 minutes long.

When was this Preparing For Tomorrow podcast episode published?

This episode was published on March 15, 2022.

What is this episode about?

This week, Nancy & her daughter Tammy decided to choose a hybrid, cash indemnity plan that will let Nancy use the money to pay for whoever and whatever care she needs, or it will pay a tax-free death benefit to Tammy if Nancy never needs care....

Can I download this Preparing For Tomorrow podcast episode?

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